Alphabet Spells Fiscal Controls
February 17, 2016
I read “Google’s Alphabet Poaches Intel Veteran Jim Campbell as Its First Controller.” My father was a controller at one time. He told me that he was not the most popular person at budget reviews. Gee, I thought he was lovable year round.
Here’s the passage I highlighted:
When speaking about the Alphabet reorg (particularly to Wall Street), the company’s execs have stressed that its intent was to instill tighter financial discipline around its various projects, particularly those outside of core Google, lumped on the balance sheet as Other Bets. “
I like the notion of investments as bets. I wonder if the controller will be able to reign the gambling losses as Google bets. I would bet on death remaining an unsolvable problem. Loon balloons? Pony up.
Stephen E Arnold, February 17, 2016
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