Re:Google combines Maps and Waze teams in restructuring move
by ggm on Friday December 09, 2022 @12:17AM
(#33917776)
But it completely ignores the commercial reality: 10% of your holdings making a move is sometimes enough to swing a board decision. Look at AGL in Australia and the recent play by Grok ventures. Nothing like 50% + 1. They moved the mountain.
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Re:Google combines Maps and Waze teams in restructuring move
by s1artibartfast on Friday December 09, 2022 @01:27AM
(#33918230)
You are conflating control with influence. Control is the ability to make a unilateral decision, consequences be damned. Influence is the ability to impose costs and benefits on a decision maker so that they do what you want
Re:Google combines Maps and Waze teams in restructuring move
by ggm on Friday December 09, 2022 @02:14AM
(#33918535)
No disagree but also.. this is nitpicking. Everyone reading the flow knows what was meant here: change was effected by a significant minority of shareholders exerting influence. You would not be wrong saying colloquially "they were made to" or "had to" even though legally no force exists. Well clearly to a nitpicker you would be wrong, but half the room is now rolling their eyes.
Don't be that kid.
Re:Google combines Maps and Waze teams in restructuring move
by s1artibartfast on Friday December 09, 2022 @09:53AM
(#33921811)
I don't think it is nitpicking. There are 40+ posts debating who has control and talking past eachother because they are using different definitions.
Re:Google combines Maps and Waze teams in restructuring move
by sebzim4500 on Friday December 09, 2022 @09:09AM
(#33921347)
Yes 10% of your company being sold at once would be alarming. Thing is TCI does not have anything like that much. They have ~0.5% of the equity and less than 0.5% of the votes.