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The robotics effort sounds like an absolute disaster. How shareholders haven't been demanding answers there is beyond me. Acquiring 11 companies to, apparently,
by zigzigzag 10y ago
The robotics effort sounds like an absolute disaster. How shareholders haven't been demanding answers there is beyond me. Acquiring 11 companies to, apparently, satisfy Rubin's obsession with robots (it's named Android for a reason) and then trying to shut them all down or flog them off ... but nobody wants them? Yikes. How did they get so starry-eyed about Rubin that keeping him (also failed) was apparently worth such a huge effort? Yes, he ran a successful operating systems project and fully demands enormous praise for Android's wild success. But where are the limits to retention efforts?
- compiler-guy 10y agoShareholders can demand answers, but it won't get them anywhere. For better or for worse, Larry, Sergey and Eric own Google and can do whatever they want.
- dx034 10y agoShareholders can sell and thus lower the stock price (and the owners' wealth). The fact they don't do it means that many people seem to believe in management's ability to earn future profits.
- digi_owl 10y agoThis bring to mind how Michael Dell decided to take the namesake company private so that it could focus on long term projects. Similarly i can't shake the feel that the handset division of Nokia, never mind similar efforts at HP, got sunk because of board room having blinders for all but the quarterly earnings report.
- T2_t2 10y agoActually, he did that because he felt the public price was undercooked, and there was more value in the company people weren't seeing. http://www.bloomberg.com/view/articles/2016-06-01/michael-dell-bought-his-company-too-cheaply http://www.bloomberg.com/view/articles/2016-06-01/michael-de... is a great read on that.