Alphabet, the world's No.2 publicly traded company by market capitalisation, just missed analysts' revenue targets, citing the strong US dollar.
Alphabet yesterday reported that quarterly profit rose five percent to USD 4.92 billion on the back of strong online advertising revenue. The California-based Internet colossus said its revenue topped USD 21.3 billion in the final three months of last year.
The lucrative pay package disclosed in a regulatory filing yesterday underscored how much Google prized Porat, who is considered to be among the most powerful women on Wall Street. Porat, Morgan Stanley's CFO since 2010, will start her new job May 26.