Apr 14, 2011 at 5:03pm ET by Greg Sterling

Google had a strong Q1 with $8.58 billion in gross revenue. Net revenue was $6.54 billion. Both figures were somewhat better than some expected, although many are calling them "mixed." Growth was 27 percent year over year. Expenses and costs were higher and some investors are expressing disappointment; Google shares are down almost 5 percent in after-hours trading. Here are some highlights from from the release: Revenues – Google reported revenues of $8.58 billion in the first quarter of 2011, representing a 27% increase over first quarter 2010 revenues of $6.77 [...]

Google’s Executive Reorg: Does It Matter?

Apr 8, 2011 at 5:07pm ET by Greg Sterling

As we and others reported yesterday, Google CEO Larry Page is shuffling the deck with his executive team, with a reassertion of engineering across the board it appears. Here's the Google roster of top executives as it still reads on the site: Larry Page, CEO Eric Schmidt, Executive Chairman Sergey Brin, Co-Founder Nikesh Arora, Senior Vice President and Chief Business Officer Shona L. Brown, Senior Vice President, Business Operations David C. Drummond, Senior Vice President, Corporate Development and Chief Legal Officer Alan Eustace, Senior Vice President, [...]

Reports: Google CEO Page Ties Bonuses To Social Success, Reorganizes Google Mgmt. Team

Apr 8, 2011 at 1:53am ET by Matt McGee

2011 bonuses for Google employees are reportedly being tied to how well the company fares in its efforts to integrate social elements across Google products. That's according to two reports from Silicon Alley Insider -- reports that say the news first spread in a company-wide memo last Friday from co-founder (and now new CEO) Larry Page. There are also reports tonight that Page has promoted a half-dozen Google execs to new senior vice president roles; more on that below. SAI has published a screenshot that it says is an internal Google FAQ describing a "2011 Multiplier" affecting employe [...]

Confirmed: Google Product SVP Jonathan Rosenberg Stepping Down

Apr 4, 2011 at 6:21pm ET by Greg Sterling

Google product chief Jonathan Rosenberg is not the first high-profile victim of the Larry Page era. While Google has officially confirmed to us that Rosenberg is leaving effective this summer, he is apparently leaving voluntarily. He is choosing family over making a new multi-year commitment to Mountain View. More Time with Family Google told us that the account in the Mercury News is more or less accurate. Rosenberg had previously said he intended to leave Google when his kids got older. Now they're nearing college age. Page apparently asked senior executives, including Rosenberg, for [...]

How Blunders And Myopia Helped Fuel Google’s Rise To Dominance

Apr 4, 2011 at 1:12pm ET by Chris Sherman

As Google co-founder Larry Page takes the helm as Google CEO today, it's interesting to look back at some of the seminal events that spurred the once dedicated academic to abandon his graduate studies at Stanford and take the plunge as an entrepreneur. By 1996, it was apparent to many that Larry Page and Sergey Brin had created a very good search engine (called BackRub at the time). But they were reluctant to commercialize it—they were at Stanford to get advanced degrees (like their fathers), not start a company. So the pair had a series of meetings to explore the idea of selling or [...]

Related Topics: Channel: Industry | Google: Employees

Larry Page Takes The Helm As Google CEO Today

Apr 4, 2011 at 8:36am ET by Greg Sterling

Today marks the peaceful transfer of power between Eric Schmidt and Larry Page (pictured in his official Google photo at right). Page is now the CEO and Schimdt the Executive Chairman. We don't know if Schmidt will be nominated for the post of US Commerce Secretary (as rumored) and have to leave Google. But Page returns to the position he held before Schmidt arrived to lead Google through an IPO and to the position it's in today: dominant yet vulnerable. A trio of articles this weekend sought to size up Page and lay out the challenges facing Mountain View. However the fanfare and ana [...]

Schmidt & Privacy: Google Anyone Other Than Me

Apr 1, 2011 at 5:14pm ET by Chris Sherman

Google CEO and soon to be Executive Chairman Eric Schmidt has made a number of interesting and often controversial statements about privacy. While the official line from Google is that the company is fully committed to respecting the privacy of others, Schmidt has seemingly contradicted that, at one time saying "There is what I call the creepy line," he said at an event at the Newseum. "The Google policy on a lot of things is to get right up to the creepy line and not cross it." Schmidt also offered advice about how to protect your online privacy: He told CNBC Anchor Maria Bartiromo, o [...]

Related Topics: Channel: Industry | Google: Employees | Legal: Privacy

Googlers: Single With No Kids & Drinking Mountain View

Mar 22, 2011 at 9:37am ET by Barry Schwartz

Rapleaf published some interesting data comparing Google employees to Microsoft employees. TechCrunch published the report, which we will embed below as well. The study was made up of matching 6,000 Google employees and 16,000 Microsoft employees email addresses with grocery purchase behavior in partnership with a loyalty card aggregator. They determined a lot of interesting differences between Googlers and Microsoft employees. Googlers are more likely to buy bacon, ice cream, fresh fruits and vegetables, Mountain Dew and Doritos Microsoft employees are more likely to buy vitamins, b [...]

Report: Google Still Top Desired Place To Work

Mar 21, 2011 at 9:45am ET by Barry Schwartz

An annual study by Universum ranks Google the top place for young working professionals to work at. Google Is No. 1 on List Of Desired Employers from the Wall Street Journal reports the study claimed about one in four of new job applicants would prefer to work at Google over any other company. About 25% of the 10,306 surveyed said the ideal work-place for them would be Google. Apple was followed by Google, with about 14% of the respondents, then Walt Disney with about 9%, U.S. Department o State with about 9%, then Amazon, the FBI, Microsoft, CIA, NASA and the Teach fo America. Here [...]

Google’s Schmidt Close To Getting Commerce Secretary Nomination: Report

Mar 18, 2011 at 4:54pm ET by Greg Sterling

Business Insider is reporting, based on unnamed sources, that Google CEO Eric Schmidt is on track to be nominated for the post of Commerce Secretary by President Obama: Mr. Schmidt picked up an important vote of confidence earlier this week when former Reagan Administration Commerce Department counsel Clyde Prestowitz essentially endorsed Schmidt for the job. That didn't happen by accident and it's a strong signal that the GOP DC establishment will support a Schmidt appointment. Word came that Schmidt was under consideration for the post earlier this month. The vacancy is created because cu [...]

Sergey Brin & Bono Up For Gorbachev Awards

Mar 14, 2011 at 10:25am ET by Barry Schwartz

What does lead U2 singer Bono and Google co-founder Sergey Brin have in common? They are both in the running for a new award named the Gorbachev Awards. The Telegraph reports the former Soviet leader, Mikhail Gorbachev, is holding an international award designed for honoring "people capable of changing the world." The award will be announced on March 30th at the Royal Albert Hall in Britain. The event is also a gala concert for his 80th Birthday, which was on March 2nd. Some of the other people up for winning the award include CNN's founder Ted Turner, movie producer Steven Spielber [...]

Related Topics: Channel: Industry | Google: Employees

Google’s Top Paid Bonuses For Executives Of 2011

Mar 14, 2011 at 10:14am ET by Barry Schwartz

Business Insider reports on a recent Google SEC filing showing the top bonuses paid to Google executives in early 2011. The top bonuses do not list Google's co-founders or current CEO, but here is what they do list. Nikesh Arora, chief business officer: $20 million in stock and $2.7 million cash. Patrick Pichette, CFO: $15 million in stock, $2.7 million cash. Alan Eustace, senior VP of engineering and research: $10 million stock, $1.8 million cash. Jonathan Rosenberg, senior VP of product management: $5 million stock, $1.8 million cash. The maximum allowed for a cash bonus for 20 [...]

US Commerce Secretary Eric Schmidt?

Mar 10, 2011 at 10:33am ET by Greg Sterling

President Obama is reportedly considering Google CEO Eric Schmidt for the soon-to-be-vacant position of US Commerce Secretary. That position is currently occupied by Gary Locke who is becoming US ambassador to China. Current ambassador Jon Huntsman, a Republican, is considering a 2012 presidential run and leaving his post on April 30. According to Bloomberg: The next Commerce secretary will have a significant role in Obama’s National Export Initiative to double U.S. exports to $3.1 trillion within five years. . . . Schmidt, 55, announced in January that he plans to step down as Go [...]

Russia: Egypt Uprising Fault Of Google

Feb 22, 2011 at 10:29am ET by Barry Schwartz

Russia blames Google for stirring Egypt unrest: report from Reuters reports Russia's Prime Minister Vladimir Putin's deputy, Igor Sechin, as telling the Wall Street Journal: Look what they have done in Egypt, those highly-placed managers of Google, what manipulations of the energy of the people took place there. Of course it is a bit interesting to see Russia blame the changes and unrest in Egypt on Google. Of course, he was citing Google's Ghonim who was and still is currently very active in the revolution in the country. This implies that some Russian leaders are very interested [...]

Google’s Egypt Executive, Wael Ghonim, Should Be Released From Egyptian Custody Now

Feb 7, 2011 at 9:40am ET by Barry Schwartz

TechCrunch reported that CNN's news anchor Hala Gorani tweeted that the Egyptian PM, Ahmed Shafiq said Google's executive based in Egypt will be released today at 4pm Egyptian time. Being that it is after 4:30pm local time in Egypt, I'd hope he has been released. Although I still do not see any confirmation from Google that he is safe and free. Wael Ghonim, Google's Middle East Executive was detained by the Egyptian government last week during the protests. He has not been heard from since his last tweet on January 25th, "Pray for #Egypt. Very worried as it seems that government is p [...]

Related Topics: Channel: Industry | Google: Employees

Did A Google Employee Just Register Hiybbprqag.com To Help Recruit New Employees?

Feb 3, 2011 at 4:24pm ET by Matt McGee

That's a screenshot of Google's "Jobs" page, which can be found at http://www.google.com/intl/en/jobs/index.html. But it can also be reached by going to hiybbprqag.com, which does a 302 redirect to the Google.com URL. Say what? And who? And why? Let's sort this out: "Hiybbprqag" is one of the nonsense words that Google used in its sting operation against Bing over the past few months. Our story was published on February 1st, the same day this domain was registered. (It's also the same word that Stephen Colbert made famous on his show last night - February 2nd.) It looks like the [...]

Google Executive Believed Missing After Egypt Protests

Jan 31, 2011 at 4:55pm ET by Matt McGee

There are several reports that a Google executive based in the Middle East is missing after taking part in the protests in Egypt last week. Wael Ghonim, whose LinkedIn profile says he's Google's Head of Marketing for the Middle East and North Africa, tweeted on January 24th that he planned to take part in the January 25th protests "despite all the warnings I got from my relative and friends." A few days later, he tweeted about being "very worried" and "ready to die" because "government is planning a war crime tomorrow against people." Ghonim's brother has told the Wall Street Journal tha [...]

Related Topics: Channel: Industry | Google: Employees

Schmidt Downplays Google’s Competition With Facebook, Apple & Well … Almost Everything

Jan 27, 2011 at 6:24pm ET by Matt McGee

Speaking today at the World Economic Forum in Davos, Switzerland, outgoing Google CEO Eric Schmidt deflected suggestions that Google is in competition with the likes of Apple and Facebook, and rejected speculation that those fights are the real reason that Larry Page is taking the CEO's chair. As Forbes reports, Schmidt told journalists that his recent role change "has nothing to do with competitors." He reiterated Google's earlier statements that the CEO change is about streamlining authority at the top, a subject that Greg Sterling wrote about earlier today: Larry Page And The Reinvention [...]

Larry Page And The Reinvention Of “The Google”

Jan 27, 2011 at 9:05am ET by Greg Sterling

We're watching something really fascinating happening at Google: a very public effort to prevent the company from falling prey to the kind of bureaucratic molasses that has enveloped so many companies before it. Many have complained that Google is already there. Perhaps. But it's nothing like at Nokia, for example, which continues to struggle with its highly bureaucratic culture and lethargic decision-making as it slowly loses share to Apple and Google in the handset market. The primary meme that has emerged in the single week since Google revealed its now widely dissected CEO switch is: Pa [...]

Google Leases 100,000 Square Feet In Historic Venice Beach Buildings

Jan 26, 2011 at 1:54pm ET by Greg Sterling

Google is leasing 100,00 square feet in an architecturally significant complex of buildings (by Frank Gehry) in Venice California. Venice is near Santa Monica and home of the famed beach boardwalk, body builders, patchouli oil-wearing street vendors and a quasi-bohemian scene left over from the glory days of the 1970s. According to the LA Times: Google representatives confirmed Tuesday night that the company had signed a lease for the properties, saying its employees would begin moving into the offices this year. Google's new complex of buildings will have more square footage than its cur [...]

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