Google demotes Coca Cola jingle
Larry Page's "Owner's Manual" for Google shareholders - his preface to the company's S1 document - has been quietly demoted in an amendment published on Monday. The letter defended the proposed company's 'dual class' ownership structure, which concentrates power not with ordinary shareholders but with the current management, and warned investors that Google would disclose only the very minimum of financial information required by law. ("We would prefer not to be asked to make such predictions," wrote Page). The founders also included some cosmic gwana-gwana with headings such as "MAKING THE WORLD A BETTER PLACE" and "DON'T BE EVIL".
23 Jun 00:26 |