Alphabet
is a public type conglomerate company of Google. It was founded in 2nd
October 2015. Larry Page and Sergey Brin are the main founders of alphabet. Its
headquarters is situated in Mountain View, California, United States. The
products of alphabet company are internet, computer software,
telecom, equipments, health care, biotechnology, venture capital and cloud
computing etc. The revenue as per 2015 was US$ 74.98 billion. Sergy Brin is the main shareholder of alphabet company
and hence is the owner of the company. There were 65115 number of employees as
per 2016 and the subsidiaries of the alphabet company are Calico, Google,
Google capital, Google Fiber, GV, Jigsaw, Nest Labs, Firebase, Verily.
Alphabet was created as a
subsidiary directly owned by Google Inc. The roles of these two companies – one
as the owner and the other as the subsidiary – was then reversed in a two-step
switch. First, a dummy subsidiary of Alphabet was created. Then Google merged
with that dummy subsidiary while converting Google stock to Alphabet stock. The
post-merger subsidiary, no longer a dummy, changed its name to "Alphabet
Inc."
Google's parent company Alphabet
just had its first big executive shake-up, and it underscores one of the
important system of its new operating structure. Alphabet is a bunch of
independent companies with central oversight. When any of the companies are in trouble,
Alphabet will decide whether a CEO change is necessary or no.
In this case, Tony Fadell, the
CEO of Nest, the smart-home company Google bought for $3.2 billion in 2014, is
out, replaced by former Motorola executive Marwan Fawaz. The Alphabet executive team, led
the hiring process for the new CEO, according to a person with knowledge of the process,
reflecting the parent company's main role: wrangling its subsidiaries and
"characters." Over the past
year, Nest has faced product outages and delays, management complaints, and
missed sales goals.
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