bakedjake - 8:16 pm on Jan 17, 2013 (gmt 0)
Besides, what have they created that's 10X better than the competition? Oh, right. Adwords. Back in the 90's.
Really? GMail? Android? Chrome? FTTH? GMaps?
That's off the top of my head.
The very fact that they can throw gobs of cash at things that are completely unrelated to their business model shows that they have little accountability when it comes to spending. It has nothing to do with them being better or more idealistic. It's simply they have too much cash and no accountability, so they can indulge in a corporate style hedonism.
Amazing. Damned if you do, damned if you don't. It seems like everyone is upset no matter what corporations do. Either they are not spending enough on innovation and are too focused on short term profits, or they don't have enough accountability and are throwing money away.
Corporate R&D is not a bad thing. Ma Bell might have used its monopoly position to fund innovation, but we're better off as a society that they did.
Building shareholder value is not a bad thing. Many Gen Xers went to college because of the likes of Compaq and Wal-Mart, neither of which were particularly innovative, but both were good at making a lot of money.
In my opinion, Google's attempts at shooting the moon have benefited society as a whole. I dislike some of their business practices but I admire that they're always thinking big.