Google is still waiting to hear how it has to resolve its monopoly in the search engine business – he plans to appeal the decision – but in the meantime, he has to respond to his shareholders. According to a report of Financial TimesGoogle’s primary company, Alfabet, has reached an early settlement with shareholders who were also prosecuted for allowing Google’s anti -discrimination, which they believe the company has been exposed to “well -known loss” and “sufficient expenses”.
The new settlement allegedly will force the alphabet to rebuild its “global compliance structure” and in the next 10 years the company will cost a minimum of $ 500 million to do so. Basically, this means setting up a committee within the alphabet board to monitor the regulatory affairs, in which Google has collected many people in the past few years.
“Meanwhile, a new company consisting of senior executives will report directly to Chief Executive Sunder Pachai,” fT Writes, while another group will suggest “product managers and internal compliance experts,” will suggest. The purpose is to prevent the alphabet and its subsidiaries from making such business decisions that make Google a monopoly on numerous counts. However, before the company proceeds, a judge will need the approval of a settlement.
The case against alphabetical officials such as Sunder Pachai and Sergey Bern was actually returned by the shareholders in 2021 by the Michigan Pension Fund. The US Department of Justice is requesting justice, paying some money and forming some committees. In the Great Scheme of Things, changing how to deal with the alphabet is likely to force the company’s business to change in the next few years.
