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If it looks like nobody in Google is in charge, it's only because the execs refuse to take action and the board refuses to properly incentivize the execs.
by mleonhard 5y ago
If it looks like nobody in Google is in charge, it's only because the execs refuse to take action and the board refuses to properly incentivize the execs.
- shadowgovt 5y agoAnd perhaps importantly: the board can't incentivize the execs. Not alone. Alphabet is still majority-owned by the founders as of 2019. In practice, the board is advisory; 100% of stockholders who's names aren't "Larry Page" and "Sergey Brin" could vote the same on an issue, and the issue will carry in whatever direction Larry and Sergey say it should if both agree.
- ocdtrekkie 5y ago"The board" is Larry and Sergey, from a realistic voting power standpoint. All of this is ultimately their fault.