CFO Ruth Porat Leads Transparency Directive at Alphabet Google
October 12, 2015
The article titled Google Opens Up to Wall Street on The Wall Street Journal describes the transparency efforts ramping up at Google under the direction of new CFO Ruth Porat. It seems that as risks go up for the “Alphabet” Google thing, the company wants to be more transparent to the Wall Street crowd.
“The new approach has contributed to recent gains in Google shares, Mr. Mahaney said. Google shares are up about 15% in the past three months, while the tech-heavy Nasdaq Composite Index has dropped about 8%. Google still doesn’t offer revenue or earnings forecasts, as many companies do. But Ms. Porat is trying to provide insight to help investors better understand how Google runs its business and help analysts more easily build financial models. A Google spokesman declined to comment.”
The most impactful initiative the article discusses is “Office Hours,” or analyst and investor briefings wherein Google speaks to public information that will effect expenses, such as the seasonal hiring of recent college graduates. Investor and analyst briefings of this sort are common at most companies, although they skirt securities regulations. As long as Google only discusses already publicly disclosed information in the sessions they are safe.
Chelsea Kerwin, October 12, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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