SAN FRANCISCO: While Google’s rise has helped its parent company Alphabet break all revenue records, Google’s Indian-born CEO Sundar Pichai neither receives any financial information about Alphabet’s “Other Bets” nor has any decisionmaking power over them.In newly-released government documents to the US Security and Exchange Commission and reported by CNBC on Tuesday, Alphabet has published details about the structure of its overall businesses. “Pichai also does not have authority over Alphabet’s overall resource allocation to Google ,” the report said, quoting from the Alphabet’s letter to SEC.However, when it comes to Google, Pichai receives weekly and quarterly reports which include individual financial information for Google product areas. These reports include YouTube , advertising and hardware and operating results, capital expenditures and headcount for Google. “Neither Alphabet CEO Larry Page nor his co-founder, Alphabet President Sergey Brin, receive the weekly and quarterly reports received by Pichai,” the SEC document said. Without Page’s approval, Pichai can commit Google to nonstandard licensing or similar arrangements, investments, mergers and acquisitions.“Although Susan Wojcicki and Diane Greene both have “CEO” titles within Google, for YouTube and Cloud respectively, Pichai is the only Google executive who reports directly to and maintains regular contact with Page,” said the report.

Source: Economic Times February 27, 2018 18:11 UTC