{"id":53359,"date":"2012-06-23T09:41:10","date_gmt":"2012-06-23T07:41:10","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=53359"},"modified":"2012-06-23T09:43:57","modified_gmt":"2012-06-23T07:43:57","slug":"google-ceo-says-nothing-seriously-wrong-source","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/53359-google-ceo-says-nothing-seriously-wrong-source.html","title":{"rendered":"Google CEO says \u201cnothing seriously wrong\u201d: source"},"content":{"rendered":"<p>Google Inc Chief Executive Larry Page has reassured employees about his health, but the company on Friday shed little additional light on an unspecified condition affecting his voice that will sideline him from two high-profile events in the coming weeks.<\/p>\n<p>Page told employees in an email on Thursday that there was \u201cnothing seriously wrong with me,\u201d according to a source who had seen an internal staff memo.<\/p>\n<p>The 39-year-old Google co-founder sat out his company\u2019s annual shareholders\u2019 meeting on Thursday because he had \u201clost his voice,\u201d according to Google Executive Chairman Eric Schmidt, who informed attendees of the news at the start of the event.<\/p>\n<p>The condition will also cause Page to miss Google\u2019s annual developer conference next week as well as its quarterly results announcement next month.<\/p>\n<p>Page continues to run Google\u2019s business, but has been asked to rest his voice, according to a Google spokeswoman. The company declined further comment on his condition.<\/p>\n<p>The prolonged absence from the public spotlight raises questions about his condition, and the company\u2019s obligation to disclose issues of concern to shareholders.<\/p>\n<p>Corporate governance experts say Google has met minimal disclosure requirements but will face increasing pressure while Page remains out of sight.<\/p>\n<p>On Friday, Google\u2019s shares rose 1.1 percent to $571.48, lifted along with the rest of the Nasdaq.<\/p>\n<p>\u201cIt gets them over the first disclosure hurdle, that is they\u2019ve alerted shareholders to the fact he\u2019s going to have this health effect,\u201d said James Post, a professor of management at Boston University who specializes in corporate governance issues. \u201cThe tough questions still lie ahead, and there will be continued pressure to keep answering those tough questions.\u201d<\/p>\n<div id=\"attachment_53363\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/mybroadband.co.za\/news\/business\/53359-google-ceo-says-nothing-seriously-wrong-source.html\/attachment\/larry-page\" rel=\"attachment wp-att-53363\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-53363\" class=\"size-full wp-image-53363 \" title=\"Larry Page\" src=\"http:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2012\/06\/Larry-Page.jpg\" alt=\"Larry Page\" width=\"600\" height=\"400\" srcset=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2012\/06\/Larry-Page.jpg 600w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2012\/06\/Larry-Page-100x66.jpg 100w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2012\/06\/Larry-Page-185x123.jpg 185w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2012\/06\/Larry-Page-250x166.jpg 250w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-53363\" class=\"wp-caption-text\">Larry Page<\/p><\/div>\n<p>While many people, including senior business executives, prefer to keep health matters private, public company CEOs have responsibilities to a \u201cwide set of constituents, some of whom have a legitimate claim to know about material information,\u201d said Post.<\/p>\n<p>The issue came to the fore several years ago when Apple Inc was criticized for being less than forthright about the health of CEO Steve Jobs, who died in October after a long struggle with pancreatic cancer.<\/p>\n<p>\u201cWith the concerns over Steve Jobs, people are quick to jump to a conclusion that may not be the right conclusion to jump to,\u201d said Needham &amp; company analyst Kerry Rice.<\/p>\n<p>Page\u2019s health could be regarded as an especially significant issue because he, along with Schmidt and co-founder Sergey Brin, have majority control of the Internet company through special voting shares.<\/p>\n<p>Wall Street analysts mostly took the news of Page\u2019s extended absence in stride, though some expressed concern about the lack of information.<\/p>\n<p>\u201cIt\u2019s the number one thing I\u2019m concerned about today just because there\u2019s so little data available,\u201d said BGC Partners analyst Colin Gillis.<\/p>\n<p>JP Morgan analyst Doug Anmuth noted that Page has not posted any messages to his Google+ profile since May 25.<\/p>\n<p>\u201cWe have no specific reason to think there is anything more to Larry\u2019s 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,\u201d Anmuth wrote to clients late on Thursday.<\/p>\n<p>\u201cThis could raise some questions among investors.\u201d<\/p>\n<p>Simon Best, a head and neck surgery specialist at the Johns Hopkins Voice Center, said most cases where a doctor might order a patient to rest their voice involved either a vocal chord hemorrhage, or throat surgery of some sort.<\/p>\n<p>\u201cWe actually very rarely put people on complete voice rest where they are not cleared to talk or allowed to talk,\u201d West said. \u201cThere are probably some practice differences between physicians and whoever is treating him, but there are only two scenarios where we put people on voice rest: if they\u2019ve had vocal cord surgery, or if they\u2019ve had a vocal chord hemorrhage.\u201d<\/p>\n<p>Best, who has not treated Page, said hemorrhages were easily treatable, but a wide variety of conditions might necessitate surgery.<\/p>\n<p>The Wall Street Journal first reported on the details of Page\u2019s internal memo on Friday.<\/p>\n<p>During the shareholder meeting on Thursday, Google\u2019s Schmidt tried to lighten the situation by relaying comments that co-founder Brin had made about Page\u2019s condition: Sergey \u201chas said that this problem will make Larry a better CEO because he\u2019s going to have to choose his words very carefully.\u201d<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"Apple blocked in Google case\" href=\"http:\/\/businesstech.co.za\/news\/international\/16310\/apple-blocked-in-google-case\/\"><strong>Apple blocked in Google case<\/strong><\/a><\/p>\n<p><a title=\"Traffic congestion? 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