Verily raises $1 billion in external funding as Alphabet CFO Ruth Porat joins board
Larry Page and Sundar Pichai’s roles within Alphabet, Google clarified in SEC letter
Last November, the Securities and Exchange Commission asked Alphabet to further clarify its unique corporate governance structure. Implemented in 2015 as part of a massive reorganization, the SEC wanted insight into the decision-making process within the parent company and its “Other Bets.”
Alphabet CFO Ruth Porat on Google, YouTube, the future of Fiber, and X [Video]
During an interview at the Code Conference this week, Alphabet’s Ruth Porat provided an overview on the state of Google and the Other Bets. The CFO discussed what she sees as the biggest threat to the dominant business, as well as progress on Fiber, X, and more.
Google hires Morgan Stanley’s Ruth Porat as new CFO
Google announced this morning that the company will soon have a new person filling the CFO role. Ruth Porat, who currently serves as chief financial officer at the finance firm Morgan Stanley, will take over for Patrick Pichette starting May 26th. “I look forward to learning from Ruth as we continue to innovate in our core–from search and ads, to Android, Chrome and YouTube–as well as invest in a thoughtful, disciplined way in our next generation of big bets,” Google CEO Larry Page said in the announcement.
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