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The question begs regarding the enigmatic power structure behind Google: just who runs the place? Common wisdom says that it's Eric Schmidt, the former Novell and Sun Micro executive who founders Larry Page and Sergey Brin brought in to run the company some years ago. But, Google is an uncommon company and conventional wisdom sometimes takes a backseat to what comes out of the Google machine.It's a very good thing for Google the company to have a very recognizable CEO as the frontman-face of the company. But, many bets are that Google is still "run" (read: evangelized) by founders Page and Brin, and sure: there needs to be fiscal discipline in place and standard corporate structure to keep Google from imploding on itself as its scale and growth continue to blast away. But, again -- who really runs Google? My bet is on the employees (down-up management, if you will) more than any leader dictating what Google does (up-down management). Is this a good thing for investors? A-b-s-o-l-u-t-e-l-y.
Employees receive incredible latitude to determine what products and services will keep Google growing, and this is far removed from the distant CEO structures we see with regular public companies -- whose leaders are all about shareholder returns during tenure than actually building sustainable value to the shareholder for the long-term. Those quarterly earnings are paramount. Sorry, they are uni-mount (singularly important). As I've said before, Google is the maverick of the internet age -- and the world needs that kind of corporate thinking now more than ever. Who runs Google? If we don't really know, that is better than knowing solidly who runs Google.
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