Alphabet Inc CEO Larry Page stated that the holding corporate structure for search system Google and a host of new businesses has been successful in developing more transparency for investors.
As the two-year anniversary of Alphabets business restructuring approaches, Page wrote in a letter to investors that the model has empowered business owners outside its core search business.
The new structure has helped entrepreneurs develop and run companies with the autonomy and speed they need, he wrote in the letter published ahead of the Mountain View, California-based companys revenues on Thursday.
Page took Silicon Valley by surprise in August 2015 with the development of a new company, Alphabet, to house Googl…
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