Russo: Alphabet CEO Larry Page no longer shows up to work
Tom Russo · Thomas Russo – All About Google (Capital Allocators, EP.90) · Mar 11, 2019 · at 18:22
Tom Russo discusses corporate distractions and leadership dynamics at Google in early 2019.
0:00 / 0:05exact quote · 5.3s
720p mp4 · rendered on demand · StarZero watermark
“At a time when, by the way, Larry Page no longer shows up. To work.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Tom Russo
Russo: Refusing Defense AI projects threatens Google's science-driven leadership
“Well, the moment you say that you're not going to have an AI business that has an involvement with some aspect of the Defense Department, particularly if it's defense-oriented, and you say that we just won't touch it because of our values, the moment you stop …”
Russo: Firm avoided Facebook because its engagement relies on unsustainable conduct
“And I haven't involved capital with Facebook, because within Facebook, though they are probably even more indispensable than Google in terms of programmatic advertising, part of the appeal has been the length of time and the height of passion that people exert…”
Russo: The ideal cash flow conversion ratio for compounding businesses is zero
“You can imagine from my perspective, my ideal cash flow conversion ratio is zero. That means that we have a button. And at some level, Google stands out on that. They have zero because they have the ability to plow all that money back into moonshots. Unfortuna…”
Russo: Philip Morris CEO expects $1 billion in savings from big data
“Even Philip Morris, when I met with the CEO in Switzerland in September, suggested that they'd have a billion dollar savings potential over the next several years. And when I asked him what it sourced from, he said, big data.”
Russo: Berkshire's Acquisition Advantage Will Endure if Operating Autonomy Persists
“And so long as all of the infrastructure that I described within the Berkshire model as they operate, Remains. I think Berkshire will have the ability to drop people from similar businesses down the road over time. The moment that they break from that process …”