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September 1, 2004

All Business: One troubling issue behind Google hype

  • When it comes to corporate governance, the online search company is anything but shareholder friendly.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — All the hype over Google Inc.'s initial public offering allowed one important tidbit about the company to get lost in the shuffle: Its corporate governance is anything but shareholder friendly.

    Google may tout itself as being a company for the people, but such things as its two-tiered stock system and its board of directors largely packed with insiders tell a much different story.


     
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