The Google layoffs are about personal ambition and poor leadership
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The Google layoffs are about personal ambition and poor leadership
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Re: The Google layoffs are about personal ambition and poor leadership
#2> The Dodge brothers owned 10% of Ford and opposed this and took Ford to court because they wanted the payments to be able to start their own company. They won and Ford was not allowed to lower prices or raise salaries at the company thus enshrining maximising shareholder value into law.
Is maximizing shareholder value really law now ? Just trying to understand if CEOs are legally responsible to return maximum share of profits to shareholders.
Re: The Google layoffs are about personal ambition and poor leadership
#3Re: The Google layoffs are about personal ambition and poor leadership
#4> The Dodge brothers owned 10% of Ford and opposed this and took Ford to court because they wanted the payments to be able to start their own company. They won and Ford was not allowed to lower prices or raise salaries at the company thus enshrining maximising shareholder value into law. Is maximizing shareholder value really law now ? Just trying to understand if CEOs are legally responsible to return maximum share…
Whether it's law or not, the board will fire them if they don't make shareholders the top priority.
Re: The Google layoffs are about personal ambition and poor leadership
#5Who wants to work in Google anyway?
Re: The Google layoffs are about personal ambition and poor leadership
#6> The Dodge brothers owned 10% of Ford and opposed this and took Ford to court because they wanted the payments to be able to start their own company. They won and Ford was not allowed to lower prices or raise salaries at the company thus enshrining maximising shareholder value into law. Is maximizing shareholder value really law now ? Just trying to understand if CEOs are legally responsible to return maximum share…
Whether it's law or not, the board will fire them if they don't make shareholders the top priority.
happened to a friend of mine. he didn't want to fire people fast enough and was sacked.
Re: The Google layoffs are about personal ambition and poor leadership
#7Who wants to work in Google anyway?
Over the past decade, Google paid massive salaries to people building one failed bet after another, while Search and Youtube Ad revenue continued to grow and literally nothing else matters.
Re: The Google layoffs are about personal ambition and poor leadership
#8Re: The Google layoffs are about personal ambition and poor leadership
#9Who wants to work in Google anyway?
No kidding. When I see FAANG on a resume I read: grinds leetcode, comfortable jumping through mindless hoops, comfortable with extreme amounts of bureaucracy as long as they’re being paid, etc.
I’d generally prefer someone from a technically sound venture funded startup.
Re: The Google layoffs are about personal ambition and poor leadership
#10This ruling [Dodge vs Ford Motor Company (1919)] stands at the heart of the current situations being faced by companies like Google today.
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It really doesn’t. First, that’s a Michigan case interpreting Michigan law. Almost every non trivial US company is incorporated in Delaware and subject to Delaware law.
Delaware law does have somewhat similar cases, eBay v. Newmark is a good one to read but …
Second, in both the Ford and Craigslist cases what was happening was really blatant. Courts are not in the business of deciding this or that corporate policy isn’t instantly maximizing shareholder value. What they won’t necessarily let you do is announce that you, being a controlling shareholder, never ever intend to make money and it sucks to be a minority shareholder.