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The World According to Google
Ant writes "BBC News has an interesting article and a streaming video documentary on Google. It has interviews with Google staff and people who dislike the company. From the article: 'In the 18 months since its stock market flotation, Google has been transformed from a company that prided itself on being simple and effective, into a multi-headed high tech beast which wants to get involved in everything.'"
I certainly would not be bugged. I could care less.
On a more positive note, my colleagues and I support Google 100% in its attempt to defy the Department of Justice. Despite Google's supporting Beijing in its attempt to suppress human rights and democracy, the company has taken a courageous stand in supporting human rights in the USA. Google was the last place where I would expect to find a champion of privacy rights.
Go, Google! You are now my preferred search engine.
Ah, Going public. The excitement of Stock Options and being traded on the stock exchange. Everyone thinks paydays will get bigger and the company with thrive and grow.
In reality, what happens is that you are know answerable to the will of mysterious stock holders. You start learning a new phrases and vocabularly like, "shareholder equity", "IPO", "Sarbanes-Oxley", "vesting period", "we must make decisions that increase shareholder value", and "the purpose of stock isn't to make employees rich."
Soon after the IPO, raises and bonuses shrink. Healthcare gets slashed and perks vanish away. Why? Because executives who are now accountable to shareholders rank their company vs. competitors and create a scorecard. Suppose the shareholders were to find out that your CEO was paying better bonuses to employees than the industry standard. He might have to answer for that on an earnings conference call or meeting with the mysterious shareholders. Executives however always want raises, bonuses, perks, and cheap stock no matter what kind of job they do. Just ask the idiot running GM into the ground. He should be well compensated no matter how poorly the company performs.
I think Google thought they could go public and still maintain control of the company, but it looks like they are careening out of control. The absolute best thing that could happen is for Google's stock to crash, then have Google buy all the outstanding shares and convert back to a private company.
There are still some really great privately held technology companies like SAS where life is good for employees. Am I bitter? Sure, I went through the whole IPO process and watched as executives were rolling in cash while they sold stock for which they had paid a mere $.01 per/share. Meanwhile, I had to hang onto my stock and stock options for a vesting period while the price plummeted and they all left to go find another company to rape and pillage. Does anyone know of a situation where going public was actually good for a company and it's employees?
I've noticed a lot of people make certain comments about Google's web search that others can't reproduce.
I'd like to ask you to try running a Google search with cookies erased and blocked and compare.
Platform matters as well.
For example, on my machine, a search for "wine" returns WineHQ first and www.wineandco.com second.
It knows I'm more likely to be interested in WINE vs the drink, and in french results versus english.
Platform affects this as well. And probably browser.
On a Windows 2000 machine with Internet Explorer, wine.com is the first hit.
-- perl -e'print pack"H*","6e656d6f406d38792e6f7267"'
Everything else Google has done since then has fewer of those properties. That's the problem. Their excessive market cap forces them to "grow" into less profitable markets. That's the real problem.
Google should have taken on debt and gone private. They didn't need to raise money; they just needed to buy out the VCs. Then they could have stayed in their winning niche of "honest, non-obnoxious search".