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Google creates new company Alphabet, names new CEO

August 10, 2015 /

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In a major overhaul of how one of the world’s most powerful technology companies does business, Google is creating a new publicly traded parent company called Alphabet Inc. that will be run by Google co-founders Larry Page and Sergey Brin.

Google will become a subsidiary of Alphabet and is getting a new CEO: top Google executive Sundar Pichai.

"Our company is operating well today, but we think we can make it cleaner and more accountable," Page wrote in a letter included in a regulatory filing on Monday afternoon.

Jessica Guynn, USA TODAY

Full Story: http://www.usatoday.com/story/tech/2015/08/10/google-alphabet-sundar-pichai-larry-page-sergey-brin/31429423/

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