I think this is good news. Google has sometimes felt like it was pulled in two different directions - making the core business successful, and providing spinoff cash for the crazy projects. Having the same person run both of them seems like it will make management more efficient. It probably means that a number of Larry and Sergey "pet projects" will become deprioritized. Good. Self-driving cars seem like they have g…
Sundar will be the CEO of both Google and Alphabet
281–290 of 637 posts
Re: Sundar will be the CEO of both Google and Alphabet
#282Earlier quoted context omitted.
So Gates is not alone. Buffet and Ellison have both pledged the vast majority of their wealth to the Gates Foundation. Somewhat unique to the US, our billionaires tends to be fairly philanthropic.
Larry Ellison? From Oracle? I though he did the opposite.
Re: Sundar will be the CEO of both Google and Alphabet
#283Earlier quoted context omitted.
Can someone please explain why it is well deserved? For example, when I was at MSFT it was very clear why Satya deserved to be the next CEO - for leading and growing the cloud business from irrelevance to a major pillar of MSFT. What about Sundar? Is this all because he led Chrome?
> Can someone please explain why it is well deserved?' GOOG went from 550 to 1300 under Sundar's term as CEO.
contextualized a bit: GOOG did 19.4% annualized during Sundar's term, and the S&P500 did 14.3% annualized over the same time. ish.
Re: Sundar will be the CEO of both Google and Alphabet
#284Earlier quoted context omitted.
As a former Googler who stays in touch, there doesn't seem to be structural discontent emerging in staff. There were a few news stories about people complaining, but Google employs about 100,000 people, so any news story involving less than 1000 of them being unhappy can't really count as "structural discontent".
Okay, what about 20,000 of them? https://www.vox.com/2019/4/23/18512542/google-employee-walko...
[1] - https://www.cnbc.com/2018/10/30/google-ceo-sundar-pichai-sup...
Re: Sundar will be the CEO of both Google and Alphabet
#285A well deserved congratulations to Sundar's promotion! Larry and Sergey have spent the majority of their time on Other Bets for quite some time now, and it's good to see that this is finally being solidified / recognized within Alphabet's management structure.
Can someone please explain why it is well deserved? For example, when I was at MSFT it was very clear why Satya deserved to be the next CEO - for leading and growing the cloud business from irrelevance to a major pillar of MSFT. What about Sundar? Is this all because he led Chrome?
Re: Sundar will be the CEO of both Google and Alphabet
#286Re: Sundar will be the CEO of both Google and Alphabet
#287Earlier quoted context omitted.
This article says David Drummond was involved in an extramarital affair with an employee, it doesn’t say that Page or Brin are being investigated for sexual misconduct. Where’s your evidence that they’re stepping down over some personal scandal? This seems like a rather bold claim.
Stories about Sergey and Brin are longstanding and easily researchable. And Larry Page is who paid Rubin $90 million without approval before it got out why Rubin was leaving. But here's an example for Sergey as well: https://www.businessinsider.com/google-sergey-brin-employees... > Ayers said in the excerpt that when the company's human-resources department raised eyebrows at Brin's behavior, Brin suggested he was en…
And all happened a long time ago, e.g. Brin's dalliance with Hugo Barra's girlfriend, so why would he resign years after this happened?
> And Larry Page is who paid Rubin $90 million
Again, Page didn't personally pay Rubin, this was part of Rubin's exit-contract, approved by the board, and why would this cause Page to resign specifically, and not Sundar?
> The boys club at the Alphabet C-level goes to the very, very top, and it would be impossible to address Drummond without addressing Page and Brin.
Pretty much the "boys club" extends everywhere in corporate America (and politics), pretty much anytime men get a lot of money or power, they tend go off looking for lots of sex.
But you're alleging that they are both resigning simultaneously because of some scandal that's about to be unearthed related to sexual harassment. Everything you've brought up have been known for years and are not revelations and so are already 'priced in' to the board reputation.
Most Googlers know and have felt that Larry and Sergey have been 'checked out' for years and are no longer interested in the day to day direction of Alphabet as a business. They barely ever attend company events.
So what's more likely:
a) They're rich and bored and want to go off and do other things
or
b) they's suddenly resigning for behavior that was documented years ago (Brin's affair while married, Page dating Marissa, etc, or paying off C-suite execs). In fact, rank-and-file Googlers didn't even demand their resignation when the Rubin $90 million exit happened. There's no pressure on them to resign over that.
or
c) some secret scandalous sexual escapade that happens to involve both of them is about to be unearthed but yet is unsupported by anything you've linked.
I think you have to admit that your claims are both salacious and exceedingly unlikely, and this is very likely a bunch of multibillionaires long bored with management. You've made very specific claims that their resignations are being driven by some sexual harassment claim.
This claim is baseless until you present evidence.
Re: Sundar will be the CEO of both Google and Alphabet
#288Earlier quoted context omitted.
>Somewhat unique to the US, our billionaires tends to be fairly philanthropic. slightly more philanthropic than the rest of the world which makes sense given how prosperous the US is, but overall US billionaires actually do not give much and Gates and Buffet are indeed outliers. The average billionaire donates barely more than the small fraction of a per cent annually. The average top 20 billionaire does in fact give…
What do you call a billionaire who gives away their billions? Survivorship bias.
Re: Sundar will be the CEO of both Google and Alphabet
#289Re: Sundar will be the CEO of both Google and Alphabet
#290Google needs to fix its reputation for killing products. https://arstechnica.com/gadgets/2019/04/googles-constant-pro...
I find it stunning that of all of the communities it seems to be HN that has jumped on this idea the most. Surely people entrenched in the startup world understand the value of pivoting and dropping products that aren't working.