What is Alphabet? Alphabet is mostly a collection of companies. The largest of which is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. What do they mean by far afield? Good examples are their health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, they believe this allows them more management scale, as they can run things independently that aren’t very related.
Alphabet is about businesses prospering through strong leaders and independence. In general, their model is to have a strong CEO who runs each business, with Sergey Page and Larry Page in service to them as needed. They will rigorously handle capital allocation and work to make sure each business is executing well. They will also make sure to have a great CEO for each business, and they will determine their compensation.
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