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There's a fair number of Sergey's babies (e.g. glass, wave) that were never going to change the world or turn a profit. I can't imagine as a shareholder I'd be
by crdoconnor 11y ago
There's a fair number of Sergey's babies (e.g. glass, wave) that were never going to change the world or turn a profit. I can't imagine as a shareholder I'd be too happy about these things.
- fsk 11y agoThat's an important point. Why Google executives waste money on something cool-seeming that goes nowhere, they aren't wasting their own personal money, they're wasting the shareholder's money. Maybe Google shareholders would be better off if Google just paid out a big dividend, instead of wasting money on nonsense unrelated to their core business?
- eru 11y agoYes, but the majority of shareholders votes are for these things. (Because Larry and Sergey control the majority of votes.)