3 ms·
I agree, I think the restructuring decision will be beneficial - ever since Larry and Sergey gave up their majority control (they now control less than 50% of t
by Ixiaus 16y ago
I agree, I think the restructuring decision will be beneficial - ever since Larry and Sergey gave up their majority control (they now control less than 50% of the company, I think) Eric and the board have been taking Google down a slightly different road. With this change, it should give more control back to the founders while still keeping the excellent business decisions Schmidt has made in the loop.
- danbmil99 16y agoWhat's happening is pretty self evident, esp with the knowledge that Schmidt is selling as much stock as he possibly can. He's cashing out big time. He obviously has strong disagreements with the founders, and believes that their direction for the company is fraught with risk of some sort of cataclysmic failure. If you're a shareholder and care about profits, you probably want the guy who can be 'a bit more evil'. The world is a crappy place, and nice guys don't often finish first. My money's with Eric on this one.
- vibragiel 16y agoThe sell-off of shares Brin and Page were going to make was supposed to be spaced out over several years, so I think they still retain the majority of the voting power. Anyway, eventually they'll be keeping 48% of votes, which de facto still grants them full control over the company.