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Google's CFO Leaves  (View post)

James Xuan [PersonRank 10]

Tuesday, August 28, 2007
12 years ago4,316 views

Hmmm... Yes

TOMHTML [PersonRank 10]

12 years ago #

Do you remember his boner last year? And then GOOG fell...

Brinke Guthrie [PersonRank 10]

12 years ago #

biz.yahoo.com/ap/070828/google ...

Tadeusz Szewczyk [PersonRank 10]

12 years ago #

Time to sell your Google shares.

Yu [PersonRank 4]

12 years ago #

This good or bad?

Brinke Guthrie [PersonRank 10]

12 years ago #

misses Q2, and then he leaves. Hmmm.

Martin Porcheron [PersonRank 10]

12 years ago #

Google missed expectations on 2 out of 14 quarters (I think), that isn't bad really.

Libran Lover [PersonRank 4]

12 years ago #

Good catch there, Philipp. Sometimes, 'appreciate' is used in English to mean 'understand' or 'empathize'. Eg: "I can appreciate your concerns about this deal."

However, in this case, the usage of the word 'appreciate' does not even properly imply 'understanding'.

Elias Kai [PersonRank 10]

12 years ago #

Sell Google Now.

Ionut Alex. Chitu [PersonRank 10]

12 years ago #

Maybe it means:
"To recognize the quality, significance, or magnitude of: appreciated their freedom."
answers.com/appreciate

D Perry [PersonRank 0]

12 years ago #

Or maybe it means they 'Appreciate' him leaving. ;)

Brinke Guthrie [PersonRank 10]

12 years ago #

Google missed 2 out of 14. Guess what? It's what have you done for me lately. Last time out- swing and miss, and he's out. The timing cannot be overlooked.

Wouldn't feel so bad for him tho- look at the stock option figure. Looks like 21 mill to me.

forbes.com/finance/mktguideapp ...

And as John Batelle says, try making Wall St happy when they expect double digit growth every quarter. Uh-HUH. "Think Microsoft after Windows had its initial run."

Philipp Lenssen [PersonRank 10]

12 years ago #

Some follow-ups, from Marketwatch and ABC...

--------------------

<<"We view the departure [of Reyes] as a non-event for shareholders, as we believe Mr. Reyes is stepping down for personal reasons," Brian Pitz, a Banc of America Securities analyst, wrote in a note to clients. (...)

[Reyes] hit a rough patch in February 2006, when he unexpectedly made public comments at an investor conference about the company's slowing growth rate, adding that it needed to "find other ways to monetize our business."

Immediately after the remarks were reported, Google's shares dropped 14%, and the company issued a clarification later that day.

But on balance Reyes oversaw remarkable growth at Google, which has enriched investors and company executives. As of the end of 2006, Reyes held unvested stock options worth an estimated benefit of $23.6 million, according to public filing in April. >>
marketwatch.com/news/story/wal ...

--------------------

<<Google disappointed investors last month when it reported a second-quarter profit that fell slightly below Wall Street's lofty expectations. Management attributed the letdown to a hiring spree that exceeded the company's budgeted plan.

Standard & Poor's equity analyst Scott Kessler doubts the earnings miss factored into Reyes' decision. He thinks it's more likely Reyes is taking advantage of the wealth that he accumulated from Google stock options to enjoy a less stressful life.

"You could argue there is no better time for (Reyes) to move on than when the company is on top of its game," Kessler said. (...)

Although Google has been sailing along, things haven't been going as smoothly for Reyes' extended family.

Just three weeks ago, a federal jury in San Francisco convicted his nephew, Gregory Reyes, of duping investors by concealing the manipulation of stock options at Brocade Communications Systems Inc. Gregory Reyes is Brocade's former chief executive.>>
abcnews.go.com/Technology/Wire ...

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