Google hires black man

Google's parent company Alphabet has added finance specialist Roger Ferguson to its board.

Ferguson is the CEO of insurance company TIAA and was a former vice chair of the Federal Reserve. He will also be the company's first black man on the board: something that shouldn't be news but is given Silicon Valley's overwhelming propensity to hire white men across its ranks.

As a leading finance executive, Ferguson is not exactly strapped for cash but even so he is likely to be happy with his $1m equity grant that he got on signing up with the company. ®