Why Investors Want Sundar Pichai Fired

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If you haven’t heard yet, Sundar Pichai is in some very hot water and is receiving quite a bit of pressure from investors to resign. Why you ask? Well, Sundar’s current state can actually be traced back to how he became CEO in the first place. While Sundar obviously worked extremely hard and achieved great things, much of the reason he became CEO was because everyone above him fell out of the race. This includes Eric Schmidt, Larry Page, Sergey Brin, and Andy Rubin. Thus, Google’s founders and board largely just wanted a CEO who could please shareholders and maximize revenue and profits, and Sundar was the perfect choice for that. However, ever since ChatGPT came out, investors suddenly wanted Google to be able to match ChatGPT’s performance which Google has very much struggled to accomplish. This video explains the story of how Sundar Pichai became CEO and why investors want him fired.

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Timestamps:
0:00 - Sundar Pichai
1:34 - Sundar Breaks In
6:40 - Sundar Becomes CEO
9:35 - Sundar Drops The Ball

Thumbnail Credit:
Stephanie Keith - Getty Images

Resources:

Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.

[ericchang]

If you check Sundar's insider selling history you'll realize he's been selling all his shares as soon as vested, and held no Google shares except unvested ones. He only stopped selling until the latest grant when the board finally put some performance restriction.

[hopeseekr]

Here's the main reason: Since 2015, when he became CEO, Google hasn't launched a single major new (and successful) product but has closed 183 products, several of which were beloved. The google stuff we all used was all created before August 2015.

[jamesdrummond]

Turns out the guy who was hired for being the ultimate embodiment of a middle manager ends up being a middle manager

[aj]

Ex Twitter CEO, Parag Agrawal was my school friend that went to Stanford. Also, these ceos are not innovators, they’re politicians. I am ex-Google and hated Sundar as he shut down innovation and just wanted cash.

[oxdhaoxt]

Anytime your boss is an MBA, you automatically know they’re just politicians not innovators

[RiRian-cwpr]

They should bring back Larry, who's literally the opposite of Sundar. He will never run out of ideas, to the point that investors are scared of him. 😂

[drakezen]

because he took a company who's slogan was 'Don't be evil' to the version it is today - be completely Evil.

[realharshbhatt]

Shareholders expectations just sound like a kid asking for a chocolate and after eating it he realised that he wanted an ice cream.

[_Photons]

I love how "disconnected CEO" in this case just means not casting everything else aside to lay all at the altar of shareholder value

[javiazar]

The main problem with how Google is run is the incentive structure. Google rewards creating a new product, and those programmers get promotions and bonuses... but no rewards for continuation, follow up, and support of existing products.

This is why Google keeps launching new stuff, and cancelling it soon after.

Stadia comes to mind. Everyone who launched it got promoted instead of fired.

[RaghvendraKumar-ic]

A lot of Google's engineers have been venting their disgust about how the company has changed after Sundar became CEO.
Going crazy about profit and doing cost-cutting is good for an average company not if you want to be a world leader in technology.
The projects that he killed may or may not have become world-class products but it would have certainly served as an incubator for innovative ideas.
If it wasn't for YouTube, Google may not have even become this big, YouTube has been their best acquisition so far.

[ad]

Hats off to Google for uniting the woke and anti woke. The woke hate Gemini because it shows POCs as WWII German soldiers. The anti woke hate it because it refuses to generate pictures of white people. This is peak brilliance.

[muhdiversity]

Imagine being one of the most beloved companies in the tech space then becoming the most hated in a few short years.

[RachaelVir]

1) Investors, by and large, are drooling, short-sighted idiots. Shareholder activism is fine, but people need to remember that most of the shareholders are either institutional or should be institutionalized.
2) MBA CEOs, by and large, are drooling, short-sighted idiots because they only care about investor's opinions. See #1. This results in companies optimizing for short-term gains at the expense of long-term stability.
2) Google needs to put ADHD meds in the water because it feels like the entire company is suffering from it.

[phatwayne]

I can't help think the IIT acceptance rate comparison is skewed by the sheer number of applicants.

[hopeseekr]

I have absolutely ZERO confidence in Sundar to lead Google in the Age of AI. 100% no confidence!

[MonsieurSansHonte]

Shareholders: the number one reason why businesses fall short of their potential.

[TheOneAndOnlyTeknocat]

The problem with these big public companies is that after they’ve become successful, which is the reason shareholders bought stock in them, is that they stop focusing on the sort of things that made them successful in the first place in favour of bending to shareholder demands. The focus becomes doing whatever it takes to maximise shareholder value and avoiding things shareholders think are risky. I mean, while shareholders were concerned about Larry and Sergei being out of control, it was ignoring Eric and the demands of shareholders and doing what they wanted anyway that resulted in successful products. Sundar is a super smart guy, but he played it safe to make the shareholders happy and then basically got caught with his pants down when they all decided they wanted Google to spit out kick ass AI to beat OpenAI. Shareholders need to stop thinking they know what’s best for the companies they invest in to do.

I watched a great video from How Money Works talking about exactly this issue and how the push to give shareholders what they want is actually bad for everyone and is the reason companies fail.

[recurse]

The real scandal around Sergey Brin is that a founder of Google didn't adhere to "Bros before hos" 😂. I'm legitimately surprised that his friend gave two shits about his philandering as long as it wasn't Larry's wife he slept with.

[MrXperx]

I use Gemini for coding and find that it's better than Chat GPT 3.5. As long as you stray away from politics Gemini is not bad.