Snap to it, Google, the world looks at you as a leader, and we need you more now than ever, to show us how continued innovation will bring success, even in the midst of a spinning financial market. Now is the time to show off your best ideas and bring the world’s attention back to something sustainable. It’s in your best interests too, Google, especially considering your employees are upset by free falling stock options.
Of course, Google can only do so much to change the world’s opinion that we’re in a financial crisis and that every business must be, or shortly will be performing horribly. After all, the stock jockeys and their directors, flipping shares back and forth, are the immediate catalysts of the problem. And Google employees are especially concerned because “. . . a huge chunk of their options (1.7 million across the company) were granted with a weighted average exercise price of $329.78. The options are worthless under that price.” according to TechCrunch.
Considering Google’s stocks closed at $332 per share today, for a lot of employees that’s too close for comfort.
It’s interesting to note the consistency in performance of stocks between Google, Yahoo and Microsoft. Microsoft seems to be withstanding somewhat better than the other two, but that could be related to its well-established sales in staples like office and operating system software.
Of course, falling stocks don’t always indicate a company is doing poorly and Google just recently announced a massive campaign to donate funds or manpower based on suggestions from visitors with its Project 10100. That has the potential to create a snowdrift of good publicity and pull the focus away from the puking financial market.
It also may be lucky timing for Google as it continues to push toward the mobile phone market with the open source Android operating system. That has the potential to further diversify its income by appealing to sponsors and consumers not interested in content only available from a traditional computer screen.