> The board must fire Pichai. He has turned the most innovative company in the world into an ad business while ignoring its own inventions, which could have saved it.
But the shareholders and board don't want to innovate. They don't want to maintain innovation. They really ONLY WANT TO EXTRACT returns.
It is paradoxical. The theory of capitalism says that shareholders will want to maintain their golden goose right? Take care of their assets and property right?
But turns out, public shareholders, large funds, and PE investors only want to maximize their return by sucking the life out of a profitable innovative business. Once they have sucked out enough, they move on to the next profitable venture to suck the life out of.
This is the shape of today's capitalism. It is merely resource extraction.
Google is an extremely well-built machine - built with thousands of the best engineers the world has ever seen, with the best products the world has ever seen. To shareholders, this is a giant blob of tasty juice to suck out of.
After years of sucking the life out of it, now that there is an alternative to suck from - treasuries - they are asking Google execs to suck more, faster, or else they'll move on to suck the tax payers - treasuries.
The shareholders and board absolutely want Pichai. They want a CEO who can cut benefits for shareholder returns.
But the shareholders and board don't want to innovate. They don't want to maintain innovation. They really ONLY WANT TO EXTRACT returns.
It is paradoxical. The theory of capitalism says that shareholders will want to maintain their golden goose right? Take care of their assets and property right?
But turns out, public shareholders, large funds, and PE investors only want to maximize their return by sucking the life out of a profitable innovative business. Once they have sucked out enough, they move on to the next profitable venture to suck the life out of.
This is the shape of today's capitalism. It is merely resource extraction.
Google is an extremely well-built machine - built with thousands of the best engineers the world has ever seen, with the best products the world has ever seen. To shareholders, this is a giant blob of tasty juice to suck out of.
After years of sucking the life out of it, now that there is an alternative to suck from - treasuries - they are asking Google execs to suck more, faster, or else they'll move on to suck the tax payers - treasuries.
The shareholders and board absolutely want Pichai. They want a CEO who can cut benefits for shareholder returns.