The Wall Street Veteran Who’s Helping Google Get…


The Wall Street Veteran Who’s Helping Google Get Disciplined
After nearly 30 years in finance, Porat now calls a different industry her home. At Google, where she started in May 2015, Porat has traded suits and heels for hoodies and jeans. She jumped...

The Wall Street Veteran Who’s Helping Google Get Disciplined

After nearly 30 years in finance, Porat now calls a different industry her home. At Google, where she started in May 2015, Porat has traded suits and heels for hoodies and jeans. She jumped immediately into the task of restructuring Google under a new corporate umbrella, Alphabet—and showing investors how much the company was earning from and spending on its core search and ads business on the one hand and its “moonshot” projects on the other.

So far she has given shareholders plenty to celebrate. After her first earnings report, in July 2015, Google’s market value increased $60 billion in a single day, the largest such gain ever for a U.S. company. In all, Google’s stock (now Alphabet’s) is up more than 40% since Porat switched to Pacific time. “No normal person could walk into a massive restructuring … with new subsidiaries and compensation and be completely fine,” says Alphabet chairman Eric Schmidt, who calls Porat “extraordinary.”