According to "the Wall Street journal" reported that several people familiar with the situation, Google's parent company Alphabet is a normal business group transformation. The company has now begun to require its subsidiaries, including X Google, Fiber Google (fiber optic services) and Life Sciences Google (Life Science Research), including the use of Google search, cloud computing and advertising services, in accordance with the rules of the market valuation charges.
These changes are part of the necessary measures of the transformation of Google group. Google in August this year, announced the establishment of the alphabet of the parent company and the original flag to "burn" the moon program R & D department full stripping. According to people familiar with the matter, Alphabet hopes that these companies can be stripped of their own profits and losses, so that the relevant person in the development of the spending can be felt. At present, the separation of the financial situation has not been disclosed, the specific financial data will be next year's quarterly will be open.
Google corporate restructuring has two purposes: one is to let the current alphabet CEO Larry Page (Larry Page) can let go of investment, including the future traffic tools, communication technology and health care, including new field of science and technology; but at the same time, also can let including page in a number of executives can reassure Wall Street, to investors to ensure the alphabet although "burn money", but "burned well founded.
"After a period of time to spend money, for the need to control the voice of financial expenditure began to heat up." Google CFO Ruth Polate (Ruth Porat) said in October of this year's earnings conference. Since joining Google in May of this year, Ruth has made a valuable contribution to the effort to cut corporate spending.
Other groups in how to manage the "moon landing project" on the actual and no consensus. Boxill Hathaway, for example, is involved in insurance, transportation, retail and manufacturing, but most of them remain independent. Boxill Hathaway itself provides a very limited central service.
However, in recent years, the Ge Corp has set up a scale of 6000 people in the shared services center. The agency provides a comprehensive outsourcing, financial and legal advisory services, including the industry's aircraft engine, power turbine, Motorcycle Group, medical scanners, and energy saving lamps, etc..