ABC News: Google co-founders step down as execs of parent Alphabet. “Google co-founders Larry Page and Sergey Brin are stepping down from their roles within the parent company, Alphabet. Sundar Pichai, who has been leading Google as CEO for more than four years, will stay in his role and also become CEO of Alphabet.” Ten years ago this would have been a huge deal. Now? Meh.
Quartz: This Saudi prince now owns more of Twitter than Jack Dorsey does. “A Saudi prince has increased his holdings in Twitter, making him the company’s second largest shareholder. Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who in 2011 invested $300 million in the social network, now owns 34.9 million shares of Twitter’s common stock, according to a new regulatory filing (pdf).” That’s almost 5.2% of the company. Dorsey owns 3.2% of the company. Ev Williams owns more than either of them.
Transparency International: Taking a step back: Why do we care so much about public registers of beneficial ownership?. “You might have seen us celebrating the UK government’s decision last week to require British overseas territories to introduce public registers of beneficial ownership. This means that companies based in places like Bermuda, the Cayman Islands, Turks and Caicos and the British Virgin Islands will soon have to reveal the identity of the real individuals behind companies — the beneficial owners. We’ve called this ‘a major victory in the fight against cross-border corruption’. You might be wondering: why do we care so much about registers of beneficial ownership?”