CNN CNN Newsroom Live August 11, 2015 04:39:00
>> reporter: the announcement came in a blog called g is for google, from larry paige, the chief executive. in it, he said our company is operating well today, but we think we can make it cleaner and more accountable. and so the idea is to create a holding company, with a similar share structure to google, and enter it all the various components, including a newer, slimmed-down google. out of google will go the life sigh inches, the health care and all of the newer bits. they will all trade as individual companies within the overarching alphabet corporation. larry paige becomes the chief execu...