GOOGLE BRINGS ITS MOONSHOTS BACK TO EARTH
One year ago this week, Google (GOOGL, Tech30) officially formed a new holding company called Alphabet to organize its many ambitious projects. Its venture capital arms, life sciences division, moonshot lab and Google itself each became independent entities with their own CEOs, operating under the Alphabet umbrella. For those who work in Google's core Internet business, not much changed. The word "Alphabet" is rarely brought up in conversation today. The offices remain filled with perks. Sundar Pichai, the well-liked executive who ran much of Google before the restructuring, now serves as Google's CEO.