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Totally agree with Bob. I cannot believe that the stock price keeps on rising. Oh well. According to the Financial Times, Google has the worst corporate governance ranking of any S&P 500 company. The report cites a number of problems with Google's governance:
These flaws, it said, include a dual-class capital structure that gives effective control to insiders, too few outside directors, a lack of stock ownership guidelines for executives and independent directors, a compensation plan that lets the company reprice stock options if the stock price falls, and loans to company insiders.
The proxy adviser assigned Google, the world’s leading Web search engine, a corporate governance quotient of 0.2 out of a possible 100, the newspaper said.
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