The Role of Ownership in Corporate Governance

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Companies should focus on the right incentives, such as changing the world, delivering great products, and serving customers rather than promoting short-term interests. The quality of shareholders is key to producing better governance. In a situation where shareholders can overthrow anything, optimal long-term governance may not be achieved and companies may focus on short-term earnings instead of taking risks for the long-term. Google's three-class system insulates them from such misalignment.

The son of an economist, Eric Schmidt eschewed his father’s profession, first studying architecture before settling on computer science and eventually earning a PhD. Now one of the most influential technology executives in the world, he still however credits his interest in network economies and platforms for a large part of his success.

In this live event hosted by Village Global in San Francisco, Tyler questioned Schmidt about underused management strategies, what Google learned after interviewing one job candidate sixteen times, his opinion on early vs. late Picasso, the best reform in corporate governance, why we might see a bifurcation of the Internet, what technology will explode in the the next 10 years, the most underrated media source, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded September 21st, 2018 Other ways to connect

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