Legal News

Google Creates New Holding Company Alphabet
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Google Alphabet

Summary: Google is set to keep growing, creating a new company that will help them do that by organizing and clearly showing their ventures.

Google Inc. created a new company called Alphabet Inc. The holding company will allow Google to see how their investments into things such as driverless cars, health-related technologies, and high-speed Internet will pay out.


The recent endeavors that Google has been focused on like research lab Google X and Calico, a look into how to extend human life, have been ambitious but a step in the right direction for the Web operator. This new company has already continued to boost their shares with a 4.1 percent increase.

An analyst at BGC Financial, Colin Gillis said “There’s been a lot of speculation about how much money they put into these other ventures. That will come to an end. This also gives them the structure to add in another business line if they were to acquire something.”

Larry Page will continue as chief executive officer at Alphabet with co-founder Sergey Brin as president. Omid Korestani will become an adviser for Alphabet and Google. Ruth Porat will be the chief financial officer while Sundar Pichai will become the CEO of Google Inc in place of Page. Google Inc. generates the majority of the company’s $60 billion annual revenue.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

The name they chose for the new company may seem strange but so was Google before it became a household term. Page described the decision as “we liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search. We also like that it means alpha-bet (Alpha is investment return above benchmark, which we strive for!”




Interesting Legal Sites You May Like




Search Now

General Municipal Law Attorney with land use experience


Oakland office of our client seeks general municipal law attorney with experience advising public ag...

Apply Now

Senior Land Use Attorney with experience

USA-CA-San Francisco

San Francisco office of our client seeks senior land use attorney with 7+ years of experience. The c...

Apply Now

Immigration Attorney with portable business


McLean office is seeking an immigration attorney with $500,000+ in portable business.

Apply Now

Litigation Attorney with 5-7 years of civil tort experience


Dallas office of our client seeks litigation attorney with 5-7 years of civil tort experience, inclu...

Apply Now


Experienced Insurance Defense Attorney Needed


Insurance Defense firm (with 15 attorneys in Suffolk and Mineola location), seeks attorneys with 5+ ...

Apply now

Corporate / Commercial Attorney | Lebanon, NH


Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT


Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington


Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Most Popular


To Top