“Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO, who runs each business, with Sergey and me in service to them as needed.”
With this, founders Larry Page and Sergey Brin combined all Google products and services under one roof of the ALPHABET.
Acknowledge in their Google Investor’s Blog, the newly Build Public Holding Company ALPHABET would be taking place at the closing of business on 2- October – 2015.
Now The Google would be the subsidiary of Alphabet and it owns all of the outstanding capital stock of Google.
By implementing a holding company reorganization the “Alphabet Merger” will be closed today.The ticker symbol “GOOG” and “GOOGL” (on NASDAQ) used by Google in the stock market , Kept same even after the merger.
It makes Google Class C Capital Stock and shares of Google Class A Common Stock being traded as Alphabet Class C Capital Stock and Alphabet Class A Common Stock.
The recasted Board of Directors is done in a way that would contains:
- Larry Page as Chief Executive Officer (CEO)
- Sergey Brin as President
- Eric E. Schmidt as Executive Chairman of the Board of the Directors
- Sundar Pichai as CEO of Google
A noticeable change will be seen When will company releases its Q4 financial results in January, i.e. this will report of earnings for two different components of Alphabet: one is Larry Page’s Alphabe and other is Sundar Pichai’s Google
Alphabet also includes:
- Calico (life-extension biotech research)
- Nest (smart home products)
- Fiber (high-speed Internet service)
- Ventures (early-stage investing)
- Capital (growth-stage investing)
However, the stock holders of Google will not see any gain or loss for United States federal income tax purposes upon the conversion of their shares in the Alphabet Merger.
orignal post by https://investor.google.com/