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TCI investors, among other people, are the literal owners of Alphabet. The CEO is an employee who takes direction from the owners.
by hexis 4y ago
TCI investors, among other people, are the literal owners of Alphabet. The CEO is an employee who takes direction from the owners.
- UncleMeat 4y agoHow much GOOGL do they own vs GOOG? Larry and Sergey own 51% of GOOGL. Owning GOOG doesn't give you any control over the behavior of the company.
- hexis 4y agoYeah, the tech stock games around ownership vs control are real, and it's unlikely that GOOG owners can assert direct control. Still, if the company fails to listen to GOOG owners, the price will drop, almost as a matter of course.
- netheril96 4y agoWell since you are ignoring the proportion of ownership, let me tell you I am also an owner of GOOG.
- hexis 4y agoSure, and you get a vote. Same for me.