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11 Dec 2011 21:30

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Tech: Google’s top execs have a surplus of planes hanging around

  • 8 private jets split up between three top executives, or 2.6 per person source
  • » Say whaaaaaaaaaaaa? The news on this one broke in a somewhat sneaky way — the San Jose Mercury News reported that the executives had offered to pay $33 million to finish restoration of a historic air hangar at Moffett Field, which is a stone’s throw from Google’s Mountain View headquarters. It came out, as a result of this news, that the company has eight jets at its disposal between Larry Page, Sergey Brin and Eric Schmidt. Google doesn’t own them, mind you; H211, a separate company that has no formal relationship with Google, operates them. Still, though … you gotta wonder why they need eight jets. If they want, they could give one to us.
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2011 12:01

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Biz: Google’s Larry Page deserves praise, not criticism, for earnings

  • Doing what Google needs to do to be a fast-growing dominant company in five years means sacrificing some of the bottom line this year and next (and maybe forever). It also means spending less time kowtowing to Wall Street and more time focusing on products and users. In his first few weeks on the job, Larry Page is doing exactly that. And if Wall Street doesn’t like it, whatever.
  • Business Insider’s Henry Blodget • Offering a spirited defense of Larry Page and Google, which just felt investor rage over a quarter that didn’t meet their expectations. We’re with Henry. They’re already making more money than God, so why give them crap over not making every penny they can, and trying to think long-term? source
Posted by Ernie Smith • 0 Comments • Permalink

14 Apr 2011 20:48

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Biz: Google’s shares drop precipitously after earnings announcement

  • $2.3 billon in profits this quarter, up 18 percent from last year
  • 6,000 number of new employees Google plans to add to its coffers by the end of 2011
  • 4¢ the amount (per share) Google missed its profit targets by … despite profits being up
  • 5% the decline in Google’s stock price today in after-hours trading —over $30 source
  • » A tough coming out party: New CEO Larry Page, who started in the position just a week ago, got to feel investors’ wrath the hard way. For what it’s worth, he’s totally optimistic about the changes he has in store. “We’ve really hit the ground running,” he said. “I’m tremendously excited about all of the things that lay before us as a company.”
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2011 13:31

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Biz, Tech: Even though Google’s stock is expensive right now, it’s still a “buy”

  • $640+ the stock’s recent price peak, before yesterday’s management shakeup
  • $627 the stock’s price as of when we wrote this, post-announcement
  • $800+ the price some analysts are expecting the stock to hit someday source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jan 2011 16:19

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Tech: Google CEO Eric Schmidt stepping down, becoming Executive Chairman

  • I am enormously proud of my last decade as CEO, and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.
  • Google CEO Eric Schmidt • Revealing he’s stepping down as CEO to become Executive Chairman of the company. Larry Page will be taking over. Everyone give crap to the new guy, OK? source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jan 2010 10:10

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Biz, Tech: Want to own a huge chunk of Google? Ask Larry and Sergey.

  • 10 million voting shares are going on sale; buy low, sell high source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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