jmanThis is capitalism… after a painful lay off of 12000 friends, the stock goes up significantly. Wall Street was demanding the lay offs, and Google executives had to do it. So sad!
Denny Vrandečić@jman they didn't have to.
@vrandecic It wasn't an option with Wall Street and fiduciary responsibility. Either Sundar executed on the lay offs or they would find a new CEO and tank the stock until it happened.
@jman Alphabet stock ownership is structured in a way that doesn't allow the wider shareholders to replace the CEO. All decisions are ultimately owned by Larry and Sergei.
@vrandecic but they don't set the price of the stock. A few billion dollars in losses will certainly make them replace Sundar.