Larry Page

About Larry Page

Larry Page, 52, is Alphabet’s co-founder and a long-tenured director (since 1998); he previously served as Google’s CEO (1998–2001; 2011–2015) and Alphabet’s CEO (2015–2019), and held senior roles including President, Products and CFO. He holds a BS in engineering (computer engineering focus) from the University of Michigan and an MS in computer science from Stanford University . He is currently Chair of Alphabet’s Executive Committee and is not an independent director under Alphabet’s independence standards .

Past Roles

Organization	Role	Tenure	Committees/Impact
Google	Chief Executive Officer	Sep 1998–Jul 2001; Apr 2011–Oct 2015	Co-Founder leadership; product and operational oversight
Alphabet	Chief Executive Officer	Oct 2015–Dec 2019	Led transition to Alphabet holding structure and strategic direction
Google	President, Products	Jul 2001–Apr 2011	Product strategy and execution
Google	Chief Financial Officer	Sep 1998–Jul 2002	Early-stage financial oversight

External Roles

Organization	Role	Tenure	Notes
The Carl Victor Page Memorial Foundation	Selected membership	Not disclosed	Philanthropic affiliation noted in director biography

Board Governance

Independence: Not independent; Board determined all nominees except Larry, Sergey Brin, and Sundar Pichai are independent under SEC/Nasdaq standards .
Committees: Executive Committee Chair; Executive Committee comprises Larry (Chair), Sergey, and Sundar; no independent directors; committee held no meetings in 2024 .
Key committees (Audit & Compliance, LDICC, Governance) are 100% independent; Larry is not a member of these .
Attendance: Board met six times in 2024; each director attended at least 75% of Board/committee meetings, except Larry, who attended all regularly scheduled Board meetings but missed two special meetings .
Executive sessions: Independent directors hold executive sessions at each quarterly Board and committee meeting; Executive Committee does not have independent directors and generally does not hold executive sessions .
Board leadership: Independent Chair (John L. Hennessy), separate from CEO; structure intended to enhance accountability and oversight .

Fixed Compensation

Alphabet designates Larry as an employee director; employee directors do not receive director retainers or equity grants. His compensation reflects a $1 annual employee salary; no board fees or stock awards were paid for Board service in 2024.

Component	2024 Amount ($)
Annual employee salary	1
Director cash retainer	0
Director equity (GSUs)	0
Total director compensation	1

Alphabet’s standard non-employee director compensation (for context) was a $75,000 cash retainer and $350,000 in Class C GSUs, with additional Chair and committee chair retainers; this program does not apply to employee directors like Larry .

Other Directorships & Interlocks

Category	Details
Current public company boards	None (0)
Executive Committee interlock	Executive Committee includes Larry, Sergey Brin, and Sundar Pichai; no independent directors; 0 meetings held in 2024
Related-party transaction: BCH San Jose hangar	Alphabet licensed hangar space at San Jose International Airport from BCH San Jose LLC, owned one-third each by entities affiliated with Larry, Sergey, and Eric Schmidt; Alphabet paid approximately $1,674,910 from 2024 through Mar 31, 2025; Audit Committee deemed terms no less favorable than third-party comparables; founders do not have a material interest in the transaction

Expertise & Qualifications

Deep technology and operational expertise as Co-Founder and former CEO; leadership of transformative business models and product innovation .
Technical credentials: BS in engineering (computer engineering concentration), University of Michigan; MS in computer science, Stanford University .

Equity Ownership

Metric	Amount
Class A shares owned	— (none disclosed)
Class B shares owned	389,051,160
% of Class B outstanding	45.5%
Total voting power (Class A + Class B)	27.1%
Shares outstanding reference	5,823,352,745 Class A; 855,751,256 Class B (as of Apr 8, 2025)
Pledging/hedging policy	Prohibited for directors and employees
Ownership guidelines	Founders and Alphabet CEO must hold ≥$35.0M; non-employee directors must hold ≥$1.0M; non-employee directors were in compliance as of Dec 31, 2024

Governance Assessment

Strengths:
- Extensive founder-level product and operational knowledge; continuity of institutional memory .
- Independent Board leadership and fully independent key oversight committees (Audit, LDICC, Governance) mitigate risks associated with non-independent founders on the Board .
- Robust related-party transaction policy with Audit Committee review; BCH hangar arrangement evaluated against market comparables and deemed arm’s-length .
Red flags / investor watch-outs:
- Not independent; combined presence with Sergey and CEO on Executive Committee concentrates influence among non-independent directors; Executive Committee held no meetings in 2024, limiting formal committee-level transparency .
- Dual-class structure and Larry’s significant Class B holdings confer outsized voting power (27.1%), which can entrench control and reduce relative influence of public Class A holders .
- Attendance note: While he attended all regularly scheduled Board meetings, he missed two special meetings in 2024; investors often prefer full attendance, especially from founders with substantial voting power .
- Ongoing related-party exposure via BCH San Jose aviation hangar; while reviewed and deemed arm’s-length, it remains a recurring transaction involving entities affiliated with founders .
Alignment signals:
- Prohibition of hedging and pledging supports long-term alignment; founder ownership far exceeds minimum guideline levels .

Overall, founder influence and dual-class voting remain structural governance risks; independent committee oversight, arm’s-length treatment of related-party transactions, and prohibitions on pledging/hedging help mitigate—but not eliminate—concerns about board independence and minority shareholder rights .