In 2004, Google cofounders Larry Page and Sergey Brin engaged in a comically passive-aggressive IPO road show. They eschewed business suits for casual garb, refused to answer many questions from finance bigwigs, and warned investors that instead of focusing on profits, the newly public company might apply its resources “to ameliorate a number of the world’s problems.” Both founders dreaded the restrictions of a public company and vowed that Google would never sing to Wall Street’s tune. To ensure they could do this, the founders structured the company so that they controlled the majority of voting shares. Instead of kicking back money to shareholders, Google would pamper the talent
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