But since they went public, they do have a responsibility to justify on the basis of profit-and-loss. Sort of. Have you looked at the manner in which GOOG's s

But since they went public, they do have a responsibility to justify on the basis of profit-and-loss. Sort of. Have you looked at the manner in which GOOG's shares are structured? Their responsibility is actually much greater to internal shareholders. (I view this as another plus.) Most companies have CEOs who could be fired for doing the right thing. Google has insulated itself from this a little, although a profit must be turned each quarter. The voting weights of their shares are a very concrete implementation of their bias towards long-term strategies, rather than the Street's manic focus on quarterly growth.