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This is largely due to shareholders ' inexorable demand for growth. Once you've given up control of your company to people that demand an ever increasing amount
by ryandvm 9y ago
This is largely due to shareholders ' inexorable demand for growth. Once you've given up control of your company to people that demand an ever increasing amount of revenue, you damn well better provide it or you're going to be looking for a new job. And at the end of the day, nothing quite pays like fucking people over...
- supreme_sublime 9y agoGoogle's stock structure is actually pretty interesting. At least in terms of voting.[0] The TL;DR is Larry Page and Sergey Brin still maintain an out sized influence over the direction of the company despite not owning the majority in an economic sense. Obviously there is still regular stockholder desires, but in terms of overall direction the pair still seem to be pretty firmly in control. I did some research on this a while back as I was trying to figure out how much stock someone would need to own to influence Google in a significant way. Turns out it is basically impossible to unseat them. [0] https://blogs.wsj.com/cfo/2015/08/12/googles-multi-class-stock-structure-made-alphabet-move-unique/ https://blogs.wsj.com/cfo/2015/08/12/googles-multi-class-sto...