Who Owns Google?
Who are Google’s Directors and Executive Officers?
The most prominent institutional investors are BlackRock, Fidelity (an affiliated company), and Vanguard Group. Larry Page and Sergey Brin combine 51% of the voting rights. Second, there are other private shareholders, including venture capitalist and Google's early investor John Doerr, and current company CEO Sundar Pichai.
Google Class A, Class B, Class C Stocks: Not All Stocks Are Equal | Who Owns Google Now
If a company decides to issue shares in the form of ordinary shares, it can issue them in several types, depending on the restrictions the owners of the company want to give their voting rights.
Google’s Class B Common Stocks
In the case of Google, each holder of Class B common stock can win 10 votes per share. Class B common shareholders cast 10 votes for each director candidate and 10 votes for each proposal they vote for.
Class B strains can be defined as well as common strains of steroids. In fact, they empower those who own them to maintain control of the company. Page and Brin, the founders of Google, wanted to put as much effort as possible into the future decisions of the company that leveraged the Class B common stock and give greater weight to the company's decision.
Google’s Class A Common Stocks
Google's Class A common stock has voting rights. Each share of Class A common stock is awarded one vote for each candidate for the director and one vote for each proposal to vote.
Google’s Class C Common Stocks
Holders of Class C capital stock do not have the right to vote on items of the business voted at the Annual Meeting. These give the company ownership and the right to be paid based on dividends and the company's rising stock price.
Board of Directors
During 2017, the Board of Directors consisted of 13 directors, and the following committees were established.
1. Audit Committee, whose main function is to oversee accounting and financial reporting processes
2. Leadership Development and Compensation Committee. The purpose is to oversee the rewards program.
3. Nomination and Corporate Governance Committee. Its primary purpose is to assist the board in identifying individuals who are eligible to become members of the board.
4. The Executive Committee functions as the board's management committee and facilitates the management and consideration of certain high-level business and strategic matters by senior management and the board.
From time to time, the board may set up special committees to address specific issues.
What is those directors' remuneration? It is subject to change, but you can see the 2017 rewards.
What are the rewards for Google executives?
As a billion-tech giant, Google's rewards are very competitive and are based on the following factors:
Basic salary to provide stable income to employees
Stock awards, primarily based on the performance of each employee receiving those awards
In assessing the compensation component, Google has (at least 2017) considered the following "peer companies":
Amazon.com, HP, Oracle Corporation, Apple, Intel Corporation, QUALCOMM, Cisco Systems, International Business Machines (IBM), The Walt Disney Company, eBay, Microsoft, Yahoo!, Facebook.
All compensation can be categorized as basic salary, bonus, stock award, option award, non-equity incentive plan, and nonqualified deferred compensation income.
In terms of salary, both Page and Bryn receive the iconic $ 1. Eric Schmidt, as a technical advisor, received $1,250,000 combined with other compensation for a total of $4,726,592. The current CEO, Sundar Pichai, earned a base salary of $650,000 in 2017. I noticed that Pichai won about $200 million in stock awards in 2016. The total compensation for 2017 was $1,333,557.
Who owns Google now?
As of January 31, 2020, 300,047,170 shares of Class A common stock of registrants and 46,407,491 shares of Class B common stock of registrants have been issued.
The company is managed by two co-founders, Page and Brin. Looking at the individuals who own the company, there are Larr Page and Sergey Brin, who make up 51% of the voting pages. Other substantial private investors include John Doerr (read OKR) venture capitalist, Google's early investor, and current company CEO Sundar Pichai.
The most prominent institutional investors, more than 5% of Google's shareholders (now called Alphabet), are BlackRock, Fidelity (a partner company), and Vanguard Group.
Who are Google's top individual investors and owners?
Larry Page | Who Owns Google
Larry Page, the creator of Google along with Sergey Brin, was the inventor of the PageRank algorithm that led to the success of knowing Google today. Larry Page, CEO of Alphabet since 1998. He has been a member of the Board of Directors since its establishment in September 1998.
Sergey Brin | Who Owns Google
Google Founder and Larry Page. Since 1998, Alphabet President Sergey Brin has been a member of Google's Board of Directors since its inception in September 1998.
John Doerr | Who Owns Google
One of the venture capitalists-almost-since it was founded, John Door has been a director since 1999 and has been a member of Google's board since May 1999. John Door is a capital company since August 1980.
Sundar Pichai | Who Owns Google
Since 2017, the newly appointed CEO has been a member of Google's Board of Directors since 2017. Previously, he was Senior Vice President of Products at Google from October 2014 to October 2015.
Also, from March 2013 to October 2014, as Google's senior vice president for Android, Chrome, and apps, since joining Google in April 2004, Google's Chrome and senior vice president for apps, etc. I have held various positions. Senior Vice President of Chrome. And vice president of product management.
Key Takeaway: Who Owns Google
Over the years, Google's ownership has changed slightly, but one thing by the founder has remained constant control and ownership. Brin and Page still represent major individual shareholders.
Also, because Google issued several types of common stock, Brin and Page, along with Class B common stock, retained their control over the company.
Even when the "growing" CEO Eric Schmidt appeared in the 2000s, Brin and Page had more than 50% voting rights. The company has adopted several collective decision-making systems for many years. But Brin and Page continue to control the future of the company.
📚 Resources & Links
