Linked by Thom Holwerda on Wed 23rd May 2012 16:13 UTC
Google Google CEO Larry Page was interviewed on Charlie Rose recently, and there was certainly some interesting stuff in there. Sadly, the interview suffers from the curse of modern journalism in that it was all a bit timid and civil (no truly harsh and confronting questions), but despite that, it's still a good watch. Two quotes from Page really stood out to me.
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RE[7]: are you kidding?
by kwan_e on Sat 26th May 2012 11:04 UTC in reply to "RE[6]: are you kidding?"
kwan_e
Member since:
2007-02-18

"Again with the stock market! It's all smoke and mirrors. When will you learn? You even mentioned what HP had to sacrifice in order to get those stock market "gains". Where can HP go after that?


Smoke and mirrors... I hate to tell you but the job of a CEO of a publicly traded company is to make money for its investors, and well, that is it really. If you don't make them more money they fire you. The people who own the stock own the company. If you feel bad about what happened to HP you should blame HP (as in Bill Hewlett and Dave Packard) - no one put a gun to their head and made them go public...
"

You miss the point. My point is stop using stock market voodoo to judge a CEO's performance. Yes, CEO are supposed to bump up stock prices. But as we've established elsewhere, they're illusions.

So what exactly was sacrificed? Carly isn't to blame for HP's current problems. She grew HP's PC division, and it eventually became the largest in the world. It was Leo that decided to try and kill the golden goose...


Did I blame Carly for HP's current problems? No. They were problems under her tenure that speak for themselves. And how did she grow HP's PC division? By buying Compaq. You'll argue that's a legitimate success. I argue it's not a sustainable kind, and these kinds of quick fixes do not fix the problems of the organization.

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