Dr. Eric Schmidt, once was the CEO at Google
Corporate governance experts say Google has met minimal disclosure requirements but will face increasing pressure while Page remains out of sight. On Friday, Google's shares rose 1.1 percent to $571.48, lifted along with the rest of the Nasdaq. “It gets them over the first disclosure hurdle, that is they've alerted shareholders to the fact he's going to have this health effect,” said James Post, a professor of management at Boston University who focuses on corporate governance issues. “It's OK for them not to say that. As more information emerges from other sources, the tough questions still lie ahead, and there will be continued pressure to keep answering those tough questions.”
Google would not comment on its CEO's medical condition on Friday. Page, co-founder Sergey Brin and Schmidt control a majority of the Internet company through special shares that give them more voting power. That capital structure, emulated by a new generation of Web companies from Facebook Inc
“This could raise some questions among investors.” Simon Best, a head and neck surgery specialist at the Johns Hopkins Voice Center, said most cases where doctor might order a patient to rest their voice involved either a vocal chord hemorrhage or bleeding, or throat surgery of some sort. “We actually very rarely put people on complete voice rest where they are not cleared to talk or allowed to talk,” West said. “There 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've had vocal cord surgery, or if they've had a vocal chord hemorrhage.” Best, who has not treated Page, said hemorrhages were easily treatable, but a wide variety of conditions might necessitate surgery. The Wall Street Journal first reported on the details of Page's internal memo on Friday.
Publish date: June 23, 2012 11:55 am| Modified date: December 18, 2013 10:35 pm