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illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: Ruth Porat, the president and chief investment officer of Alphabet and Google, shares her leadership insights and frustrations with the corporate world
• Porat, who has overseen Alphabet’s rise to nearly a $3 trillion market cap, emphasizes the importance of clear communication and straightforwardness in the workplace. She also reflects on the risks and rewards in tech, comparing it to "playing with fire"
🔭 The context: Porat’s approach to leadership stems from her early years, where she worked alongside her physicist father, sparking her interest in technology
• Over her tenure, Alphabet has flourished, with investments spanning autonomous vehicles and drone delivery systems
• Despite the challenges in managing such high-risk projects, Porat remains committed to Alphabet’s long-term goals, notably pushing forward its ambitious innovation agenda
🌍 Why it matters for the planet: Porat’s leadership has not only led to Alphabet’s financial success but also its impact on technology's role in sustainability
• Alphabet’s investments in clean energy and innovative technologies, like Waymo and Wing, help reduce reliance on fossil fuels and could be transformative for industries such as transportation and delivery
⏭️ What's next: With ongoing innovation in renewable energy and autonomous technologies, Porat and Alphabet will continue to shape the tech landscape
• Future efforts will focus on scaling up clean energy technologies and advancing autonomous vehicles, both crucial for reducing global carbon footprints
💬 One quote: “If we build this robot army, do I have at least a strong influence over this robot army?” – Ruth Porat, on her role in driving Alphabet's innovation strategy
📈 One stat: Under Ruth Porat’s leadership, Alphabet’s market capitalization has soared from $384 billion to nearly $3 trillion
See on illuminem's Data Hub™ the sustainability performance of industry players like Alphabet, Microsoft, and Google
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