SAN FRANCISCO (AP) -- Google co-founder Larry Page is known for his vision, passion and intelligence.
Yet there is a fair amount of concern that Page's other known traits -- his aloofness, rebellious streak and affinity for pursuing wacky ideas -- might lead the company astray. Page takes over as CEO on Monday as fast-rising rivals and tougher regulators threaten Google's growth.
Investors used to Google Inc.'s consistency in exceeding financial targets worry that new leadership will bring more emphasis on long-term projects that take years to pay off. And many people still aren't sure he has enough management skills to steer the Internet's most powerful company.
Full text
Comment: The economic landscape has fundamentally changed. There are much more early highflyers and many more crashes than before. Any investor should take heed of Schumpeter's concept of "creative destruction". As much as nowadays there is innovation, as much there is annihilation. Google's creative phase is over and that of its destruction has begun.
No comments:
Post a Comment