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It does seem a little strange that the founders could complete acquisitions without even informing, let alone getting the approval of, the CEO. Is that normal i
by othermaciej 16y ago
It does seem a little strange that the founders could complete acquisitions without even informing, let alone getting the approval of, the CEO. Is that normal in corporate governance?
- yarone 16y agoA few million dollar acquisition is so small, it's akin to a new hire or hardware purchase. Not worth debating with other members of management (provided you've all agreed to go out and make acquisitions). (Written on Android, incidentally)
- yuhong 16y agoNot to mention the dual class thing.
- yuhong 16y agoWell, you know Google is dual-class, right?
- othermaciej 16y agoYes. The founders' voting control effectively means the board of directors reports to them, and Schmidt reports to the board. But I'm still surprised they can skip the chain of command on decisions like this. Maybe this is just my won ignorance.