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Image Credit: Shortpedia

Alphabet's ex-bosses get $2 billion after retirement

Shortpedia

Content Team

Google co-founders Larry Page and Sergey Brin, who announced on Tuesday they were stepping down from day-to-day management of parent Alphabet Inc, got a $1.7 billion retirement gift from investors. There was an addition of more than $800 million each in the net worth of the co-founders. The firm's shares also saw a hike of 1.5%. Both Page and Brin own about 6% of the firm and still control Alphabet through special voting shares.