Thursday, June 04, 2015

Sergey Brin Defends Google Moonshots in SEC Filing | Re/code

Also see Google Touts Machine-Learning Prowess to Shareholders (WSJ), which notes "In the business portion of the meeting, shareholders defeated five investor proposals, including one to de-classify Google shares and reduce management’s voting control. That’s not surprising, given that co-founders Page and Sergey Brin control more than half the voting power through shares that carry extra votes. For the proposal to have passed, Page and Brin would essentially have had to agree to cede control."

"“We shared a profound belief in the power of technology to make life better for people everywhere and imagined what life could be like 10, 15, 20 years down the road,” Brin wrote. “Nevertheless, now that we are here, I am amazed at the progress and opportunities. For example, I could not have imagined we would be making a computer that fits in a contact lens, with the potential to make life better for millions of people with diabetes.

“Yet, this is something we are working on today.”"
Sergey Brin Defends Google Moonshots in SEC Filing | Re/code
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