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Every googler who got laid off today that owns google shares made the same % in earnings today. This doesn’t matter. The goal is to increase shareholder value.
by ajaimk 4y ago
Every googler who got laid off today that owns google shares made the same % in earnings today. This doesn’t matter.
The goal is to increase shareholder value. And most of the increase today was due to macro market trends and not due to the layoffs (everything went up today)
- khazhoux 4y ago> The goal is to increase shareholder value I know this is the "official" corporate governance imperative for a public company, but in practice this isn't how companies are run (or at least, not Google/etc). Sundar isn't thinking about "shareholder value"... he's thinking about how to make the company (and its employees) successful. Which of course, sometimes means cutting people loose.
- danielmarkbruce 4y agoGoogle spent over $50 bill in the last 12 months buying back shares, ie handing money to it's shareholders. It fires people when costs are too high. He appears to try to have the company make more money. His actions suggest he is thinking about shareholder value all day long.
- znpy 4y ago> Google spent over $50 bill in the last 12 months buying back shares, ie handing money to it's shareholders. that's certainly one way to see it. another way would be: Google spent over $50 bill in the last 12 months keeping its stock price up artificially.
- danielmarkbruce 4y agoEither way it appears Sundar is spending time thinking about shareholders and giving them what they want.
- deleted 4y ago[deleted]
- tinktank 4y agoAh yes, the ever important shareholder value. Quite.