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This is the problem with going public. You are dictated by the street and its short term goals. The street has no vision. And this sucks because they hold the p
by csmeder 17y ago
This is the problem with going public. You are dictated by the street and its short term goals. The street has no vision. And this sucks because they hold the power? (Steve Jobs gets a little leeway because hes proven over and over again.) Investors can vote out board members if they think this is stupid right? And board members out of fear can fire the visionaries. By going public google's balls are in the grip of the street and at its whim? I never plan on going public for this reason, but enlighten me if I'm wrong. To me it seems like "don't be evil"/visionary and being a public company can't go hand in hand.
- samd 17y agoAs far as I know Larry and Sergey own a controlling interest in Google. Not a majority interest, but they own most of the controlling stock. So I think they can basically do what they want.
- Devilboy 17y agoAs of today they still own more than 50% of the company together, although they have announced that they'll sell stock that will reduce this to a bit less than 50% over the next few years. (Not that it will really matter in terms of their control over the company)
- brianobush 17y agothey also own shares that have more voting power. I can't recall the details, but one of their votes has more weight than the publicly traded shares do.