Alphabet Inc. is an American
multinational conglomerate created in a corporate
restructuring on October 2, 2015. It is the parent company of
Google and several former Google subsidiaries. The two
founders of Google assumed executive roles in the new company,
with Larry Page serving as CEO and Sergey Brin as President.
The company is based in Mountain View, California. It has over
72,053 employees as of 2017.
Alphabet's portfolio encompasses several industries, including technology, life sciences, investment capital, and research. Some of its subsidiaries include Google, Calico, GV, CapitalG, Verily, Waymo, X, Nest Labs and Google Fiber. Some of the subsidiaries of Alphabet have altered their names since leaving Google—Google Ventures becoming GV, Google Life Sciences becoming Verily and Google X becoming just X. Following the restructuring Page became CEO of Alphabet while Sundar Pichai took his position as CEO of Google. Shares of Google's stock have been converted into Alphabet stock, which trade under Google's former ticker symbols of "GOOG" and "GOOGL".
The establishment of Alphabet was prompted by a desire to make the core Google Internet services business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services.
Alphabet was created as a subsidiary
directly owned by Google Inc. The roles of these two companies
– one as the owner and the other as the subsidiary – was then
reversed in a two-step switch. First, a dummy subsidiary of
Alphabet was created. Then Google merged with that dummy
subsidiary while converting Google stock to Alphabet stock.
Under Delaware law, a holding company reorganization such as
this can be done without a vote of shareholders, as this
The restructuring process was completed on October 2, 2015. Alphabet retains Google Inc.'s stock price history and continues to trade under Google Inc.'s former ticker symbols "GOOG" and "GOOGL"; both classes of stock are components of major stock market indices such as the S&P 500 and NASDAQ-100.
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