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They aren't fools, they just have their own agendas. Sundar and other Google execs don't actually own that much Google stock, so they have relatively little lo
by Aunche 4y ago
They aren't fools, they just have their own agendas.
Sundar and other Google execs don't actually own that much Google stock, so they have relatively little lose by gambling with company money by over hiring.
From Brian Armstrong's perspective, Coinbase didn't overhire at all. They captured all the crypto revenue they could during the boom, which inflated their stock price while Armstrong was cashing out as much as he could.
- nova22033 4y agohttps://www.investopedia.com/articles/markets/011516/top-5-google-shareholders-goog.asp https://www.investopedia.com/articles/markets/011516/top-5-g... The top individual insider shareholders of Google are Larry Page, Sergey Brin, and Sundar Pichai
- Aunche 4y agoThat's my point. Larry and Sergey own 3% of Google each, but have long retired from making any decisions at Google. Sundar only owns .01% of Google and gets compensated in bonuses, so he tunes his strategy on maximizing his bonus.