3 episodes
BlogMyKarma ASHISH AGRAWAL
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- Business
My hope is that listeners would find my podcasts — informative at best and entertaining at least. Most of my podcasts are on diverse topics such as high-tech, education, start-up, life decisions, immigrant lifestyle, investments, etc
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Here's a moonshot: Make Google Employee Owned
Google’s recent layoffs are just one artifact of a corporate structure that has accumulated baggage. Employee Ownership fixes this. This post takes a deductive approach towards proposing a corporate structure rooted in the principle of “Don’t be evil”. Employee ownership has proven great for investors too in the long term.
In my post, I trace Google’s journey from 2004 to today.
In 2004, Google founders took a $1 salary, applied a world positive lens, and broke conventional norms on corporate governance. Result: Phenomenal shareholder returns
In 2023, the company has become an amalgamation of in-absentia founders with outsized controlling votes, execs & employees incentivized on short 2 to 3 year timeframe, and investors driving from the backseat. Result: Layoffs and cognitive dissonance on growth story
On layoffs: Punishing execs for conducting layoffs is not going to fix anything. Even the broader equity compensation structure is broken. It is not the same as true employee ownership
My post explains why employee-ownership rooted in the principle of “Don’t be evil” is the right solution for Google. More broadly, #EmployeeOwnership has proven successful for investors too.
Learn more by reading my post. I’d love to hear what others think about employee ownership at Google, and even more generally.
#layoffs #googlelayoffs #metalayoffs #amazonlayoffs #microsoftlayoffs #bigtech #google #SMB #silvertsunami #businessowners #incentives
Links to topics mentioned in the blog post:
Full text of previous post in the series: Ok Googlers! What will you do about layoffs?
Full text of this post in the series: Here's a moonshot: Make Google Employee Owned
Twitter thread of this post: (coming soon)
Create Amazing book info
Links to the audiobook version of "Create Amazing" at Bay Area libraries: Mountain View | Palo Alto | Santa Clara
Recent federal and state support for employee ownership
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Ok Googlers! What will you do about layoffs?
Episode transcript at: https://blogmykarma.com/ok-googlers-what-will-you-do-about-layoffs-44b54867eef1
I have lots to say about the motivation of layoffs & what employees at stable companies like Google can do about innovating on corporate structures that emphasize long-term thinking. The post is anchored on Google due to my affinity to the company. But the core narrative applies to any big company with stable profits.
Topics covered in this post:
Expectations of various personas around a layoff
My views on these personas’ expectations
One thing everyone likes: A growing stock price
Persona who has the most influence on the board who ultimately set goals for execs. Compensation tied to stock price.
Execs are likely good at heart but even better at achieving set goals. Tools and tricks that execs use. Non-goals of execs
So what can Googlers do?
Care about fixing corporate structures? Then please fill this 1 minute survey for my next post: https://forms.gle/iSsAeBHneVkiT5T58
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Masa's Millions have left OYO's Ritesh OHO i.e. On His Own
Softbank's Masa Son has bred many Brewsters like Adam of WeWork and Ritesh of OYO Rooms. This episode is a satirical opinion piece outlining OYO Hotels current challenges, how it got there, and how it can emerge out of it.
Written version of this podcast is available on BlogMyKarma.com
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