Expect nothing substantive to change at Google and parent company Alphabet, following Tuesday’s announced departures of co-founders Larry Page and Sergey Brin from their roles as CEO and president, respectively, of Alphabet.
The moves made big headlines, but the pair is mostly invisible anyway, leaving Google CEO Sundar Pichai – who will now hold that title for Alphabet also – to take the frequent slings and arrows that are now regularly thrown at the companies, as he mostly already has in recent years. But in reality Page and Brin will still call the shots, thanks to their ownership of special classes of “super-voting” stock that gives them majority control.
The announcement of their moves admitted as much.
“We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders,” Page and Brin wrote. … Read More ➡
The revelation this week that Google made mega-payouts to two former executives accused of sexual harassment highlights the need for the adoption of a resolution by the National Legal and Policy Center (NLPC), which is a shareholder in parent company Alphabet Inc.
According to NLPC Chairman Peter Flaherty, “Alphabet’s management must end the stonewall. A necessary first step is to embrace our shareholder proposal on sexual harassment.”
According to disclosures related to a civil shareholder lawsuit that alleges Google consistently hid sexual harassment and discrimination claims by employees, former Android software creator Andy Rubin was paid $90 million upon his departure, and head of search Amit Singhal was offered $45 million when he left, although the amount was reduced to $15 million because he was hired by a competitor.
Information from the lawsuit says a former employee under Rubin claimed that he pressured her into oral sex, … Read More ➡