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Let’s back up a bit.

“But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant”, Larry Page, Google co-founder and now Alphabet CEO said in a blog post.

Buffett runs a very diverse set of businesses that are all independently controlled through a single parent company.

Larry Page will now play the top role at Alphabet while Sergey Brin will act as president of the newly formed entity. All the new companies will have a newly appointed CEO.

Pichai, 43, was named CEO of a newly organised Google, becoming only the third chief executive of the company after Schmidt and cofounder Larry Page.

Looking at Google before the transition to Alphabet, it was a company with very diverse interests from life sciences and media to maps and search engines.

Ville Hellman, head of development at digital agency Rawnet, said: “Google has extended their operations to cover a lot of new fields for several years now, and some of the new fields it is entering are only very loosely related to their core business“. Alphabet Inc...

The key for the parent company is to allow each of the companies to develop their own brands successfully and be truly independent.

Pichai quickly began to receive more responsibility, however, taking on involvement with various Google search products including Firefox, Google Toolbar, Desktop Search, Gadgets, and Google Gears and Gadgets.

“I remember the early days when Google wasn’t so big (well it was still massive), in those days Google would have awesome parties where Larry and Sergey would just mingle with search marketers”.

“Since joining Google in 2004, Sundar has led a number of key consumer products which are now used by hundreds of millions of people and, prior to his current role, served as Google’s SVP of Android, Chrome and Apps”, the company said in the filing in which it...

Google’s reshaping under newly formed parent Alphabet gives the tech giant more ability to focus on its core business, while offering startup-like flexibility to long shot, trailblazing projects.

“Our company is operating well today, but we think we can make it cleaner and more accountable”, Page said on Google’s public relations Web site. Page said he’ll be CEO of the new holding company, while longtime Google executive Sundar Pichai will become...

Google CEO Larry Page has announced a restructuring of the Internet giant in which Sundar Pichai will become the new CEO while he and Sergey Brin will run a new umbrella company called Alphabet.

Sundar Pichai, Page’s deputy, will be promoted to become CEO of Google Inc., which generates the bulk of Google’s $60 billion in annual revenue.