Comment by chatmasta
2 years ago
I'm wondering why they're keeping him around. Maybe they feel like they've got more control when Sundar is in charge, since he's less likely to make any rash decisions or sudden movements (or any movements at all...)
2 years ago
I'm wondering why they're keeping him around. Maybe they feel like they've got more control when Sundar is in charge, since he's less likely to make any rash decisions or sudden movements (or any movements at all...)
Because, despite what the HN hiveminds think, the company has been performing extremely well under Sundar.
Unless he starts destroying Larry and Sergey's wealth he will remain as CEO.
Your comment history is exclusively limited to posts about Google product releases and stock performance (and one about Sergey Brin's airship), so I'm sorry if I don't consider you an unbiased observer. And sure, maybe you honestly believe in the company, and that's why you invest in it. But just because you think you've aligned your incentives (stock portfolio) with those of the company, doesn't mean you've accurately assessed its health and future outlook.
For those of us closer to the ground - the "HN hive mind," if you will - in the same industry but not at Google, the signs are far from positive. Top line revenue looks good, but Microsoft grew more in the past decade than Google. There is a massive dependence on advertising revenue, which is so large that it's basically an existential threat to the company (although admittedly, GCP is beginning to show promise after recently posting its first profitable quarter). The rest of the industry is actively fighting Google's ability to display ads to their users. The quality of the flagship Search product is possibly the lowest it's ever been. YouTube is driving users away while picking pennies up off the floor. Employees are leaving to build startups like OpenAI with the tech they researched at Google. Morale is extremely low. Recruiting pipelines are likely suffering; most developers with an offer from Google and a company paying equivalent salary (in other words, the best developers) will not choose Google. Public perception is hostile, amidst both the general public and early adopters like developers. Governments are litigating, potential anti-trust breakups are on the horizon. But most importantly: Google has failed to fundamentally innovate since about 2005; if you disagree, please name an innovative product created from scratch at Google since that time.
The Waymo self-driving car product seems like it will be quite transformative to entire industries once they get clearance to deploy it further than San Francisco where it is already providing rides day in and day out. Or does that not count for some reason?
Disclaimer: I own Google stock simply by virtue of being invested in mutual and index funds, as are most people.
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