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Well, they're going to need to sway two big investors named Page and Brin, who still own 51% of voting rights. They designed it this way to prevent activist sh
by nostromo 4y ago
Well, they're going to need to sway two big investors named Page and Brin, who still own 51% of voting rights.
They designed it this way to prevent activist shareholders who tend to be very focused on the short-term.
- voakbasda 4y agoInstead, they hired managers and executives that focused on short-term ad revenue. Who needs activism when you can self-sabotage.
- vuln 4y agoIt would take so long Google to bleed itself dry through self sabotage. I'd imagine they're both checked out, they have enough money to be really comfy for the rest of their lives.
- ryloric 4y agoIt sucks but still better than having pieces of them spin-off and sold by some private equity people.
- voakbasda 4y agoIs it better, really? Maybe some of their products would have survived by being spun off, rather than contributing to the running joke that is Google’s project graveyard. They have ruined and abandoned a great many projects, likely at the direct expense of their shareholders.