Posts Tagged ‘Ceo’
Cost surge under new Google CEO unnerves Street
April 12th, 2011
– Google Inc’s stunning 54 percent spending surge spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth, driving its shares more than 5 percent lower.
Investors zeroed in on the stunning surge in expenses to $2.84 billion, which dwarfed a 29 percent jump in net revenue and reflected a record hiring spree, company-wide salary raises, and splurging on everything from marketing to technology.
Analysts now expect co-founder and new Chief Executive Larry Page to keep spending on new products to spearhead an aggressive push into areas such as social networking and mobile businesses.
Tags: Ceo, Ceo Unnerves
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