The irony is that this morning I was at a marketing seminar at Google's offices where industry experts discussed marketing in a down economy and how the answer is not to make drastic budget cuts.
Googlers average salary is well over $95K per salary list http://www.salarylist.com/all-real-jobs-salary-at-google-inc.htm Will this layoff help them really save money?
I think the question you should ask is "If Google failed, would it actually matter?"
Obviously it would matter to its employees and its stock holders, but really... Unless I'm missing something, what would it matter to the US economy if a bunch of free software, webmail and the G1 simply vanished?
I guess I would be upset about gmail, but I could always just use another search engine...
What about them is so important that failure matters to the country as a whole?
And, seriously, even if there is an argument for this; to compare them to banks that have gotten to big to be allowed to fail is impossibly absurd.
Master shall never be too big fail. No, never. You musn't speak like that where Master may hear. Master get very angry. I must go punish myself now by using Dogpile.
No company is "too big to fail." We'd be out of this economic mess sooner if we could have let those thieving bums at AIG to go out of business for giving themselves too much money.
@rimshot515: I am not an economic expert, so I tend not to give advice on this subject. That said, if you listen to the supposed experts (yes, many of them responsible for the mess we are in), there is absolutely a point at which a company becomes too big to fail. In fact, many are saying that we need regulations to break up companies that are too big, like AIG, BofA, Citi, GM, and so forth. (Although, I think they would contend that GM is not too big to fail, it is merely too big to let all of those Americans be out of work.)
I admit that I do not trust anyone, but I do not know enough to know whether the experts are wrong. Until I do, I guess I have to assume that there is some truth in what they are saying, and we probably need to give someone the tools to determine whether a company is too big and make a change.
That said, the question for technology companies is not whether Google is too big, but perhaps whether Microsoft is too big, or potentially Apple is too big. As others have said, Google is nothing more than an advertising company. Microsoft and Apple are something entirely different. Microsoft is simply huge and their software divisions make it difficult for other companies to play on their turf. Apple, while much smaller, does not allow anyone to play on their turf unless they have personally approved it. Those companies are much more questionable than Google.
Google isn't too big to fail because it isn't an intertwined part of the commerce system. Yes we all use it every day, but it's basically a search-and-advertising system.
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Can Larry "Wall Street" Summers and his clan of Goldman Sachs shadow government hustlers apologize to Bryon Dorgan now?
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03/24/09
Obviously it would matter to its employees and its stock holders, but really... Unless I'm missing something, what would it matter to the US economy if a bunch of free software, webmail and the G1 simply vanished?
I guess I would be upset about gmail, but I could always just use another search engine...
What about them is so important that failure matters to the country as a whole?
And, seriously, even if there is an argument for this; to compare them to banks that have gotten to big to be allowed to fail is impossibly absurd.
03/24/09
03/24/09
03/24/09
I admit that I do not trust anyone, but I do not know enough to know whether the experts are wrong. Until I do, I guess I have to assume that there is some truth in what they are saying, and we probably need to give someone the tools to determine whether a company is too big and make a change.
That said, the question for technology companies is not whether Google is too big, but perhaps whether Microsoft is too big, or potentially Apple is too big. As others have said, Google is nothing more than an advertising company. Microsoft and Apple are something entirely different. Microsoft is simply huge and their software divisions make it difficult for other companies to play on their turf. Apple, while much smaller, does not allow anyone to play on their turf unless they have personally approved it. Those companies are much more questionable than Google.
03/24/09
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