Sundar Pichai has no decision-making power beyond Google: Report | HT Tech

Sundar Pichai has no decision-making power beyond Google: Report

For Google products like YouTube, Pichai receives weekly and quarterly financial reports.

| Updated on: Feb 27 2018, 12:58 IST
Sundar Pichai joined Alphabet’s board of directors in July, 2017.
Sundar Pichai joined Alphabet’s board of directors in July, 2017. (AFP)

While Google's rise has helped its parent company Alphabet break all revenue records, Google's CEO Sundar Pichai neither receives any financial information about Alphabet's "Other Bets" nor has any decision-making power over them.

In newly-released government documents to the US Security and Exchange Commission (SEC) and reported by CNBC late Monday, Alphabet has published details about the structure of its overall businesses.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

"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.

Also read
Looking for a smartphone? To check mobile finder click here.

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 non-standard 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.

The Alphabet CEO receives regular financial information about every Alphabet company but doesn't allocate resources to individual product areas within Google or within individual "Other Bets".

"Other Bets" holds 11 different companies, which includes self-driving car unit Waymo and healthcare arm Verily.

"Page proposes compensation for Google CEO Pichai and all Other Beta CEOs, but no other executives below that," the report added.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 27 Feb, 12:58 IST