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Re:Payouts may have contribued to a talent exodus at Google'... by kyrra on Monday February 13, 2017 @01:18PM (#13637429)
This was called out in the announcement of the company:

We also like that it means alpha-bet (Alpha is investment return above benchmark), which we strive for!

https://googleblog.blogspot.com/2015/08/google-alphabet.html

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