Reported 4 months ago
Alphabet (Google) announced that Anat Ashkenazi, current Eli Lilly CFO, will be its new CFO. Bank of America Securities analyst discusses the leadership change, noting some uncertainty but sees Ashkenazi's arrival positively due to Alphabet's good cost trajectory, exceeding earnings expectations and implementing small layoffs. Analyst believes the focus on cost is a positive for Alphabet's future. This move aims to bring stability and potential growth to the tech giant.
Source: YAHOO