Google cuts office space in Bay Area by more than a million square feet

Re:Google cuts office space in Bay Area by more than a milli... by astrange on Friday June 09, 2023 @01:52AM (#36253819)

Investors in Google (or Meta) don't have voting rights. You simply can't do any of that stuff. All you can do is not invest, which means the price doesn't go up, but that hasn't been happening.

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Re:Google cuts office space in Bay Area by more than a milli... by eftychis on Friday June 09, 2023 @02:11AM (#36253951)

See my other "sibling" comment. As an owner/shareholder you have duties owed to you by Google.

If a too good offer comes by, for instance, for one to buy Google:

the offer has to be disclosed; and regardless if the founders like it or not -- or what the voting majority says, there is a price where the remaining shareholders can force Google to be sold.

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Re:Google cuts office space in Bay Area by more than a milli... by cameldrv on Friday June 09, 2023 @03:05AM (#36254341)

They do have the right to sell the stock.

If too many of them do, the stock goes down, and essentially everyone at the company (especially the executives) take a pay cut. The executives aren't even just thinking about their own pay. The entire company's ability to attract and retain talent depends on the stock price going up.

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