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by compiler-guy
3562 days ago
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One of the big questions when Pichette announced he was retiring was whether or not Google would be able to find someone who had his level of skill. This was factored into the stock price, which remained flatish or slightly down from March of 2015 until Porat's first earnings report. The market hates uncertainty, and priced that in. Google is famous for being undisciplined and Porat's hiring dramatically reduced the uncertainty around Google's discipline. I don't pretend that it was all Porat that caused the jump (and you are misreading--rather ungenerously--me by saying that I'm treating this like a lucky shirt). But Google had no other step-wise jump like that in its history, and no other tech company had a similar rise in roughly the same couple of weeks. The market was waiting to see what Google would do without Pichette. Porat answered the question. Compare GOOG to FB and APPL, and look at the five-year charts. http://finance.yahoo.com/quote/FB?p=FB
http://finance.yahoo.com/quote/GOOG?p=GOOG
http://finance.yahoo.com/quote/AAPL?p=AAPL |
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