When Google announced on Monday that it would create a new holding company called Alphabet, of which Google Inc. will be just one part, Larry Page said the new structure would allow the company to get more ambitious things done. But there was still a lot that he didn't say.
Google may be best known for its ubiquitous search engine, but it has long been associated with seemingly whimsical ventures into areas as diverse as self-driving cars, drones and human aging. On Monday, it took a step toward making those "side" ventures more legitimate -- and more transparent.
As part of a corporate reshuffle announced Monday, Sundar Pichai has been named the CEO of Google as it becomes a subsidiary of a new company called Alphabet. It's yet another step up for the 43-year-old executive who has been on a meteoric rise through Google's corporate structure.
Microsoft CEO Satya Nadella just unveiled the latest of the "tough choices" Microsoft is making to streamline its business, and it's a doozy: the company is significantly cutting back its smartphone ambitions almost two years after announcing it would acquire Nokia's Devices and Services business in an attempt to play a greater role in this market.
Microsoft's sweeping company reorganization may have some insiders feeling jittery about the future, but it's doubtful that the vendor's Dynamics business applications division or its customers need to worry.