The Google guys visited Warren Buffett more than a decade ago, and modeled Alphabet on Berkshire Hathaway
this week. They had the idea for the holding company — created in 2015 to house Google, DeepMind, Waymo, and other businesses — while visiting Warren Buffett more than 10 years ago.
"I remember sitting on, I think, the 14th floor and being struck by the extraordinary success of his model," Schmidt continued."He had figured out a problem that had bedeviled all of us in our industry for years, which was how to establish scalability, right? "It's different types of businesses than in the Berkshire family of companies," finance chief Ruth Porat told an analyst at the annual meeting in 2017.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google co-founders step down as execs of parent AlphabetThe co-founders of Google are stepping down as executives of its parent company, Alphabet, ending a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the world&39;s largest, most powerful — and, increasingly, most feared — firms
Read more »
Google co-founders step down as execs of parent AlphabetSAN FRANCISCO (AP) — The co-founders of Google are stepping down as executives of its parent company, Alphabet, ending a remarkable two decades during which Larry Page and Sergey Brin shaped a...
Read more »
Google co-founders hand over reins of parent company AlphabetGoogle CEO Sundar Pichai will assume the top post at its parent company Alphabet as co-founders Sergey Brin and Larry Page step aside from managing its day-to-day operations
Read more »
Google founders step down, put Pichai in charge of AlphabetAlphabet Inc. will enter the 2020s without two leaders who have been a constant presence since Google was launched out of a Silicon Valley garage more than...
Read more »
Google co-founders step aside as Pichai takes helm of parent AlphabetGoogle Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Al...
Read more »
Google co-founder Larry Page stepping down as CEO of AlphabetLarry Page, the cofounder of Google, is stepping down as CEO of its parent company Alphabet. Sundar Pichai, the current CEO of Google and a longtime executive at the company, will take over as CEO of Alphabet in addition to his current role, Alphabet announced Tuesday afternoon.
Read more »