Google settles shareholder lawsuit, will spend $500M on being less evil

Under the terms of the settlement, obtained by Bloomberg Law, Alphabet will spend $500 million over the next 10 years on systematic reforms. The company will have to form a board-level committee devoted to overseeing the company's regulatory compliance and antitrust risk, a rarity for US firms. This group will report directly to CEO Sundar Pichai. There will also be reforms at other levels of the company that allow employees to identify potential legal pitfalls before they affect the company. Google has also agreed to preserve communications. Google's propensity to use auto-deleting chats drew condemnation from several judges overseeing its antitrust cases.

3 comments

I'm still moving/breaking away from the "Evil G".
- Yeah, it’s too late. They’re still 100% blocked on my networks.
Under the terms of the settlement, obtained by Bloomberg Law, Alphabet will spend $500 million over the next 10 years on systematic reforms. The company will have to form a board-level committee devoted to overseeing the company's regulatory compliance and antitrust risk, a rarity for US firms. This group will report directly to CEO Sundar Pichai. There will also be reforms at other levels of the company that allow employees to identify potential legal pitfalls before they affect the company. Google has also agreed to preserve communications. Google's propensity to use auto-deleting chats drew condemnation from several judges overseeing its antitrust cases.