Why Investors Want Sundar Pichai Fired
Apr 11, 2024SUCBUL PICHAI: SUCTAL PICHAI is in a little hot water. In fact, notable
investors
think it is only a matter of time until Lasting isfired
or is forced to resign. But wait a minute, wasn't the golden child of Google winning hundreds of millions per year, reducing the company of a successful Internet company to a technological giant and almost quintupla the price of shares? Well, yes, SUCTAR did all that, but when it comes to technology and high growth companies in general, it is not judged according to past performance. You are judged according to future expectations and future expectations for Lasting Pichai are in Rock Bottom.Google's main products are slowly bleeding Marketshare, their workforce is more swollen than ever despite the layoffs, and most importantly, they are dropping the ball completely when it comes to ia. And to worsen things for Lasting, Sergey Brin, Google's co -founder has unexpectedly left retirement. After completely falling from the planet's face in 2015 and delivering the reigns to Lasting, Sergey made a surprise entry in mid -2023 to work in AI. More recently, Sergey made a rare public appearance just to admit how bad it was the work that Google had done with Gemini. So, naturally, speculation with respect to Sergey replacing SUCCAR have gone crazy, as we have seen this time and once with other stumbling companies such as Apple, Dell, Starbucks, Disney and Twitter.
But how do we get here? How did you get so bad for Google? And will Pichai really be
fired
? Well, we discover. SUCTAL ENTER: To understand how we get here, we first have to take a look at how SUCCIDO became CEO in the first place. If you read the Wikipedia page or commercial publications of L succinity, you will show you a pink story about a man who made his way from the bottom. History tells that SURDICAL was born from a humble middle class family in India in June 1972. And through pure sand and hard work, he was able to make him one of the most competitive universities in the Iit world.For those of you who are not aware, IIT has an acceptance rate of only 2.5%. For perspective, even Stanford and Harvard have acceptance rates twice higher by 5%. And the curious thing is that Lasting would continue to arrive at Stanford also where he got a master's degree in engineering before going to Upenn and obtaining an MBA. Then, little to say, Losco had an extremely stacked academic training, and in 2004, it would end up joining Google as vice president of products management of the Google toolbar. From there, it would correctly identify that the toolbars as a whole were extinguished and convinced to Sergey and Larry that they pursue an internal browser that would be a great success.
And it was due to this brilliant vision that Losco was finally CEO of Google, or at least this is how the story says. Now, let me say first that there is nothing fundamentally inaccurate in this story. And nothing I am about to say is destined to take off Lastar. Obviously, Like is one of the most successful people in the entire technological period, and it really cannot be discussed against whether it stays like Google's CEO or not. But, said that, the problem with this story is that it is only told from a perspective: the perspective of
sundar
.He worked hard, studied hard, managed to be rewarded. But the reality is that much of the CEO of SURndar became nothing to do with anything that had control. Actually, you can argue that he was just a great gear in an even larger machine and this goes back to the day he was hired. When SUCTING was hired, Google's CEO was a man named Eric Schmidt. This guy was not a founder or an early employee of Google. Actually, it was an external executive recruit that was put there by shareholders to keep the founders of Google, Larry Page and Sergey Brin under control.
Larry and Sergey got along with Eric, but at the same time, they also felt naturally that they knew what was better for Google and that they were constantly out to prove it. In fact, they were trying to do exactly that on the literal day that Laster was interviewed. As they will know, SUCTAR was interviewed the same day that Google launched Gmail. And Gmail was one of Larry's first attempts to show Eric and the world in general that Google could be much bigger than just the search. It was the same with the acquisition of Android, the acquisition of YouTube and the acquisition of Google Maps.
Often, Larry and Sergey wouldn't even tell Eric about these acquisitions until after the fact. Talk about a great executive dynamic. But anyway, although these acquisitions were great, Larry and Sergey firmly felt that the true opportunity was after the browse market. Eric, however, strongly opposed this idea. He felt that facing Microsoft was a challenge too big and essentially prohibiting Larry and Sergey to follow the idea for 6 full years. So, it is not that Larry and Sergey follow Chrome because SURDAR gave them the idea. They already had the idea for years. They simply did not have the right authority or man for work.
However, when SUCTING approached them with a similar idea, they pounced on her. Basically, they have just told SUCTLE to gather a team and develop Chrome without Eric knewing it. And here is Eric describing how exactly that was developed. Honestly, quite fun in retrospect, but unfortunately for Eric, this was the end of the road. Larry and Sergey had brought several successful products to the market, including one that Eric opposed for years. Then, this naturally gave Eric's trial and consolidated the founders as the true geniuses behind Google, which allowed Larry to recover the position of the CEO in 2011.
This evolution made a
sundar
part of the internal circle of trust, but was not in any way in the race for the CEO. Destiny, however, had a completely different idea. SUCBLE becomes CEO: now that Larry and Sergey had total control of the company again, they would really bow in the Luna projects that inspired them. Things like the selfish driving car of Google and Google Glass. In fact, Larrywant
ed to turn Google into a crazy scientific island that constantly worked on the next big thing. But,investors
were not so excited about this idea. Such visions simply painted Larry as a disconnected billionaire founder who lacked clarity and focus.To worsen things, Larry's voice would literally give in. See, Larry was struggling with voice problems due to vocal chord paralysis since the early 2000s, and this would be especially bad in the 2010. If you have never heard Larry speak, that's how it sounds. A clear testimony of the idea that no amount of money can solve certain problems. Anyway, Larry would begin to omit the meetings and presentations of the shareholders because he simply could not speak, which naturally puts investors to the limit. Google was not only directed by a apparently disconnected billionaire, but a person who even fought to communicate his thoughts and vision.
The good news is that Google was founded by 2 types, so Sergey could take a step forward, right? Well, no. Sergey would really be caught in an issue that not only ruined her marriage and tarnished her reputation, but also destroyed her relationship with Larry. Apparently, Larry stopped talking completely with Sergey after the matter came to light. Very good, so Sergey was no longer in the race, but there must be some other visionary executive on Google who could take the reset, right? Well, there were: Andy Rubin, the founder of Android. Oh, wait, it doesn't matter, Andy was caught in some serious accusations of misconduct and $ 90 million was paid to leave Google as soon as possible.
Then, he had an executive who missed Chrome and a lot of other things, a paralyzed founder disconnected, a founder with an adventure and an executive with serious accusations. Talk about an inspiring executive team. At this point, it was clear that what Google needed was not a revolutionary but someone who was not controversial. And this is how Lastar became CEO. Of course, he worked very hard and achieved great things, but what really knocked down the final women in his favor was the circumstance. The 4 people who really were in the CEO race: Eric, Larry, Sergey and Andy were forced to leave the race of humiliating manners.
And the only person who remained in the internal circle was the ally of trust that brought Chrome to the market. And with that Pichai SUCCLE it would become CEO of Google on August 11, 2015. A few years later, it would be promoted to be CEO of Alphabet as a whole, which leads us to its luster performance. SUCBLE drops the ball: ironically, you can not criticize Lasting for whatever you have done or that you have not done in the last decade. The reality is that he did exactly what was hired to do, which led Google as incontroverted as possible and maximizes income and profits.
Since he took it, Google's income has quadrupled, their net income has been quintupado and their shares have gone to the moon. The only problem is that this is all that Google has achieved. I
want
to say, can you even name a single launch of products that Google has had since Losco took over? The largest launch that occurs to me is the Google Pixel, which is a phenomenal phone in terms of value, but not so large in terms of sales and market share. In fact, Pixel does not even control 1% of the world smartphone market. However, investors never had a problem with this lack of innovation while Google remained the market leader, but all this changed on November 30, 2022 when Chatgpt was launched.Suddenly, investors wanted Google to innovate Openai who now also had Microsoft support. For obvious reasons, this was basically an impossible task, especially when the restriction of time was as soon as possible. However, Laster would try to deliver, throwing Google Bard only a couple of months later in March 2023. Now, perhaps, it could be argued that Bard was technically better than Chatgpt because he was connected to the Internet or something, but the reality was that no one really cared. Just look at this chart that compares Chatgpt's interest with Google Bard's interest, is almost non -existent. If Bard was actually a copy of Chatgpt or not, that's how the general public saw it, and they had no interest in using another Google product.
This only worsened by the fact that Google would mark the launch of Bard. An early BARD announcement would show Bard giving factically incorrect information, which is not surprising given how hurried Bard were to take to the market. This error not only humiliated Bard and Google, but also led to the company's market value in a $ 100 billion drop. This was coup 1 for Lasting. Now it depended on him to fix Bard and that was supposed to google geminis. It was supposed to be the redemption of Google, but Gemini would end up dropping the ball even worse than Bard. If you have not seen the memes of social networks, Gemini basically had an extreme bias of "awakening." According to Gemini, this is George Washington, these are potatoes, and these are British royalty.
Yes, this error has not only turned Gemini into the stock of Internet laughs and has lost the company another $ 96 billion in market capitalization, but has eliminated all the confidence of the shareholders that L succinity can lead to Google at the age of AI. It combines this with the fact that Sergey has returned and that his drama of affairs has time to cool off and does not look great for Lasting. Historically, Sergey has always been in Larry's shadows, so it is very possible that he is interested in being the main character this time. This is not to be necessary to be fired necessarily, but it is very possible that you have to assume a role under Sergey if it has not been completely expelled.
So how exactly did it end in this position? Well, despite his mass achievements, Lasting was always a gear in an even larger machine. This is how we obtained the CEO title. And as CEO, he gave the shareholders exactly what they asked and the shareholders simply realized that this is not really what they wanted, and that is why they want to say goodbye. The AI is not the only kingdom in which Google is reaching a Deadend. They also have to address the increasingly worrying issue of market saturation. Watch this video for more information.
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