On 2/15/06, Kevin Philp <kevin at cybercolloids.net> wrote:
>> But Google will now be moulded into what the shareholders want - and that
> increasing shareholder value. The dominant shareholders are pension funds
> large institutions and they will put Google under the same pressure as
> other large PLC. If Google does not perform the board could be replaced by
> new people who will MAKE it perform. It takes a special sort of single
> visionary to drive a company in the face of shareholder pressure and most
> boards simply aren't visionaries - they are managers.
Its still a company whose first two engineers still own more than 50% of
it, so they can't be replaced.
And the "business friendly" CEO was one of the original authors of Lex, as
well as an accomplished manager.
I think we are safe for a while yet.
Irish farmers started several successful dairy co-ops who later went on to
> become very large and very successful PLC's. The same farmers now bemoan
> fact that the dairy no longer has farmers interests at heart - it only has
> shareholders interests at heart.
And they profited from it of course. The farmers were the shareholders.
It's just they chose to kill the goose that laid the golden egg.
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