Google CEO Larry Page, who has long been reluctant to speak in public, is claiming that he has lost his voice ahead of three key events for the company:
1) the annual shareholders meeting, where he was a no show
2) the Google’s I/O conference for developers, where he was a no show
3) the earnings report next month, where he will be a no show
Page has conveniently lost his voice just as investors, shareholders and developers are looking to hear from Page on the company’s direction.
The answer is clear. He does not have a direction. Hence he does not have anything to say. If you are a Google shareholder you know that already. Google is lost. It does not have a direction. It does not know if it want to be Facebook, Apple, Microsoft Office, Amazon etc
Google issued a statement saying that Page has “lost his voice” and “can’t do any public speaking engagements for the time being.” The statement said, “Larry has lost his voice. This means he can’t do any public speaking engagements for the time being, including today’s shareholder meeting, I/O next week and our earnings call in mid July.
News sites have speculated about Page’s “mystery Illness,” and Google’s stock has been trending down since late last week.
“We have no specific reason to think there is anything more to Larry’s condition, but we find it odd that the company would already rule him out of the 2Q call, which is likely still a few weeks away,” said Doug Anmuth, an analyst at JP Morgan. “We think this could raise some questions among investors.”
“We have absolutely no idea what is going on,” said CNNMoney’s assistant managing editor, Paul R. La Monica, in a video report Monday. “We can only hope that it’s nothing serious, maybe just a really bad case of laryngitis, and he’s under doctor’s orders not to speak.”
Observers point out that while Page’s health may be a private matter, Google is a publicly traded company.
“There shouldn’t be any mystery (here),” La Monica added. “Google should own up to whatever it is. … It could stop, maybe, any rumors from going around.”
Jokes are flying that Page is trying to elevate his importance to the level of Steve Jobs by highlighting his “illness”, again copying Steve Jobs.
“Not being able to speak hardly puts someone on the same path as Steve Jobs, nor does it keep him from making key decisions or pointing his company in the right direction. It’s also possible the full extent of what’s ailing him isn’t known,” wrote Jena McGregor in the Washington Post.