homepage Welcome to WebmasterWorld Guest from 54.145.183.169
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Pubcon Platinum Sponsor 2014
Home / Forums Index / Google / Google Finance, Govt, Policy and Business Issues
Forum Library, Charter, Moderators: goodroi

Google Finance, Govt, Policy and Business Issues Forum

    
Google's CEO, Larry Page: We're Careful With Our Investors Money
engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



 
Msg#: 4321620 posted 5:05 pm on Jun 3, 2011 (gmt 0)

Google's CEO, Larry Page: We're Careful With Our Investors Money [mercurynews.com]
"I do want to reiterate to you: We are very careful stewards of shareholder money," Page said at one point. "We started as a startup in a garage, and we are very, very careful about our spending. I was scared to hire an office manager because I thought it was too expensive. So we have that culture and that history, and we're very committed to that."

Words like that had to be catnip for Wall Street. Page made only a perfunctory appearance as Google reported its first-quarter financial results in April, and failed to address Wall Street's concerns about Google's jump in spending as it bestowed a 10 percent pay raise on all workers and launched what is expected to be the most aggressive hiring year in its history. The next day, Google's stock plummeted nearly $48, or 8 percent.

That decline was the worst day for Google's stock in a dismal four-month run that has seen a 16 percent, or $99, decline in the company's stock price since the Jan. 20 announcement that Page would replace Schmidt as Google's CEO. Google stock closed at $528.06 Thursday.

 

walkman



 
Msg#: 4321620 posted 8:14 pm on Jun 6, 2011 (gmt 0)

Damned if do and damned if they don't. Truth is they have to spend and throw money at things, imagine if they had thrown $5 Billion to Facebook years ago for example? But shareholders have a lot of reasons to be scared at Google's $170 Billion valuation: search has matured and that's Google's only real money making venue.

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Google / Google Finance, Govt, Policy and Business Issues
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved