It is well known that the Google’s rise has helped its parent company Alphabet break all revenue records.
But it has now emerged that Google’s Indian-born CEO Sundar Pichai does not have any decision-making power over them.
In newly-released government documents to the US Security and Exchange Commission (SEC), the company Alphabet has published details about the structure of its overall businesses.
report says that these reports
include YouTube, advertising and hardware and operating results, capital expenditures and headcount for Google.
The document says that neither Alphabet CEO Larry Page nor his co-founder Alphabet President Sergey Brin receive the weekly and quarterly reports received by Pichai.
Without Page’s approval, Pichai can commit Google to non-standard licensing or similar arrangements, investments, mergers and acquisitions.
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”.