Google opens eyes with a corporate reorganization
Google is changing its operating structure and will become part of a holding company called Alphabet.
Google’s stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.
Google co-founder Sergey Brin says the Internet company isn’t releasing the accident reports involving its self-driving cars to protect the privacy of the other motorists in the crashes.
Google will build a car without a steering wheel with hopes of having 100 prototypes on public roads in a year.
Sergey Brin, co-founder of the technology titan, told a Southern California tech conference Tuesday evening that Google will make 100 prototype cars that drive themselves—and therefore do not need a wheel. Or brake and gas pedals.
Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt’s compensation more than doubled to $19.3 million.
A government report has determined a fleet of aircraft owned by Google’s founders and former CEO received improper discounts on jet fuel that saved the three billionaires up to $5.3 million.
Sergey Brin, a co-founder of Google, announced that he funded the 250,000-euro ($330,000) project, saying he was motivated by a concern for animal welfare.
Google has settled a shareholder lawsuit to clear the way for a long-delayed split of the Internet search leader’s stock.