Google to spend $500M to revamp compliance structure after shareholders seek ‘culture change'
1. Google will spend $500 million to enhance compliance over ten years. 2. Settlement addresses antitrust litigation involving top executives at Alphabet. 3. A new board committee for oversight of compliance will be established. 4. Google denied any wrongdoing while agreeing to these changes. 5. The settlement may influence ongoing federal antitrust cases against Google.