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The root cause of this is company ownership. Even if Page wants to follow an innovative approach, he might not be able to convince the board and the big shareholders to invest long term because they want to see their shares "appreciated".

If you want to keep innovating, the company need to stay nimble, with the owner(s) only interested in innovation. I don't know, maybe that's why the startup eco system works.

Another model that seems to work as well is the "duel roles". For example, Jeff Bezos lets the MBA optimize the hell out of Amazon, while he can play with Blue Origin in his spare time and focuses on more innovative technology ideas. Again, this is possible because Bezos probably has far more influence at Amazon than Page at Google.

Unless something has changed that I'm not aware of, Google has a share structure that gives Brin and Page effectively full control through shares in a separate class that has 10 times the voting power of the A shares that were offered in the IPO.

So if Page can't convince "the board and the big shareholders" I believe it means he can't convince Brin, not some horde of faceless MBA's or institutional investors.

Your assumption about Bezos relative influence over Amazon seems unlikely, as Bezos Amazon holdings and the lack of a similar share structure means Bezos has far less voting power at Amazon than Page has at Google. Last I heard, Bezos held less than 20% of the voting power at Amazon.

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