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by asanwal
5542 days ago
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Unfortunately, when people give you money (aka investors), they have certain expectations and you have responsibilities to them. And Google needs the money that the public markets enables them to have to fund operations, hire, grow, innovate, etc. Again, this doesn't mean Google should engage in short-term B.S. that Wall St trades in, but they will need to be accountable to shareholders in some fashion - probably through detailing their vision. And they can articulate that they're managing for the long-term which is a great and desirable thing. But just saying "give us money, we're really smart" is not going to cut it. That's part of the hassle of being a public company - you are answerable to others. Emotional arguments about why MBA/finance guys are bad may get folks excited but the reality is that both parties need each other. Thinking they don't is myopic, naive or probably both. |
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