When I see New York Times headlines saying Google is worried about its share price, then read the article and discover it’s doing things to raise its revenues, then it sure reads like money ﬁrst, culture last. It’s now selling print ads, which sounds interesting; the meeting was no longer quirky, but CFO-formal; and that Google has apparently ‘matured’ by eliminating fun.
Jordan Rohan, an analyst with RBC Capital Markets, said that Google’s presentations were more polished and professional this year and that executives addressed the questions most in the minds of investors.
“The company appears to have matured signiﬁcantly since its ﬁrst analyst day a year ago,” Mr. Rohan said.
“Investors have been successful,” Mr. Rohan said, “in communicating with the management they can't be this funky renegade company.”
What it suggests to me: Google is a short-term buy, just like any other American company on Wall Street, that will spawn fewer innovations because its focus is no longer on the strong things that made it great to begin with. Interesting message to send, considering the next generation of investors are as cynical about ﬁnance’s traditional messages just as much as advertising hype.
Long-term visions, not short-term pandering, built America.
Del.icio.us tags: Google | share price | innovation | corporate culture Posted by Jack Yan, 10:16
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