But there was still a lot that he didn’t say.
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Pichai is intimately familiar with Google’s core products, is well respected in and outside the company, and was a natural choice to lead the Google business unit under the Alphabet umbrella.
Doshi also believes the new structure could help prevent further talent loss within Google, because it provides an opportunity for more of its senior executives to move into new roles.
We could probably put a 20 multiple on that, and if you do this you get something like… a $760 stock price on the core business alone. Here are four knowns and unknowns about what happened yesterday. Android, YouTube, search and ads will remain part of Google Inc. They can continue to invest in experimental projects like driverless cars without interference from other units at the company, or investors worrying about the company wasting too much time and energy. In addition to Twitter’s interest, Pichai’s name was also mentioned as a potential front-runner for the position of Microsoft CEO after Steve Ballmer announced his resignation in August 2013. Each business will have its own CEO, he said. With this scale-up, Larry Page and Sergey Brin will be able to focus on a broad range of business that aren’t related to the theme of Google, but can have a substantial impact on the society.
The rainbow Google! lost its exclamation mark in 1999, the jaunty drop-shadow was scrapped in 2010, and the chubby 3D letters were finally slimmed and flattened on the page in 2013, complete with a matching family of Google Apps logos, all rendered in the same unthreatening pre-school palette.
As I’m sure you’ve heard, Google is going through some major changes in in structure. “C” could just as easily be for Calico or for Chrome.
Since then, he has contributed to several important Google products over the years, such as Chrome, which debuted in 2008, in addition to Google Gears, Google Toolbar, Gadgets, and of course Search. Google’s corporate motto is famously “don’t be evil”, although that hasn’t stopped the company from getting into strife with the European Union, which has been trying to break up Google for years, over its market dominance, or being criticised by various countries (including Australia) for not paying much tax.
In a world full of uncertainty, I get decent visibility on Google’s investment case and this new structure will bring even more transparency to the core business.
Shares of Google rose 5% to $665.38 at 10:12am in New York. That would suggest that the restructuring, at least for accounting purposes, will be underway by the start of that quarter, in October. Results for the other Alphabet businesses will be reported as a whole.
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It also allows Google to shore up Wall Street’s confidence in the raw profitability of the main operations. It might be some time before we see financial results for, say, Nest versus Fiber. YouTube CEO Susan Wojcicki will now report to Pichai. Though his title upgrade is a big one, he will still oversee numerous same products he does now. And it is clear to us and our board that it is time for Sundar to be CEO of Google. Elated over the meteoric rise of Pichai in Google, who will succeed its co-founderLarry Page a decade after joining the Silicon Valley behemoth in 2004, a top industry executive said on Tuesday that the IIT graduate symbolized new India, representing talent, technology, innovation and managerial acumen.
