Google To Continue To Censor Results, Shareholders Agree

May 11, 2007 at 8:43am ET by Barry Schwartz

Google Shareholders Vote Against Anti-Censorship Proposal from PC World reports that Google’s shareholders sided with Google and voted down the anti-censorship proposal spearheaded by the New York City pension funds and the Office of the Comptroller of New York City.

In short, a majority of shareholders sided with Google, which will continue to allow Google to operate in China and other countries that require pro-active censorship.

Related Topics: Channel: Industry | Google: Critics | Google: Outside US | Legal: Censorship

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http://www.sharpseo.com/blog Adam Sharp

Well, the boys at Google structured their IPO so that Page/Brin/Schmidt shares have 10x the voting power of other shares.

“Larry Page and Sergey Brin and CEO Eric Schmidt, who together own 56.1 percent of the voting stock of Google, which has a market capitalization of nearly $150 billion.”

http://www.reuters.com/article/technology-media-telco-SP/idUSN0540361220070405

So shareholders have very little sway with Google’s management. That’s a good thing in my opinion.