The Google CFO and the empty corner office

Maybe this is over-analyzing things a bit, but does the recently announced departure of Google CFO George Reyes strike you as a bit disconcerting -- especially if you're a fan of Google innovation? Little nuggets of market wisdom tend to stay lodged in my brain for some reason, and I seem to remember Jim Cramer or some other CNBC host explaining how the departure of any CFO at any company should be cause for concern for investors. After all, the CFO is the guy (or gal) handling the cash -- the person who has the first whiff of financial improprieties, the person who knows that 1 + 1 must equal 2, and not 3. Something tells me that there's more to the departure of George Reyes than what's in the official (i.e. sanitized) side of the story from Google:

"Google CFO George Reyes will retire from his position, the company announced on Tuesday. Reyes will help search for a new CFO and is expected to leave the role by the end of the year, Google said in a press release.  "As Google's CFO, George successfully navigated our innovative

IPO, the regulatory demands of Sarbanes-Oxley, and the management

challenges of scaling a global finance organization," CEO Eric Schmidt

said in the press release. [...] 

At Google, Reyes had a visible role on the

company's management team, often fielding questions of concern about

the company's aggressive spending on capital expenditure and new hires

during quarterly conference calls. "George has been a full partner in Google's global growth and

development," added co-founder Larry Page. "He has done an excellent

jot in keeping us financially disciplined while protecting the best of

our entrepreneurial culture."

This is not to suggest that there's any kind of financial shenanigans going on at Google, or that the company is struggling at all as it takes on tech rivals like Microsoft, Yahoo! or Apple. Obviously, it would be bigger news if Eric Schmidt were leaving the company. That being said, however, I would suggest that Google is no longer a $500 stock.

[image: The Google Corner Office]

Related Articles
Keep reading Show less

Five foods that increase your psychological well-being

These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.

Mind & Brain

We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.

Keep reading Show less

For the 99%, the lines are getting blurry

Infographics show the classes and anxieties in the supposedly classless U.S. economy.

What is the middle class now, anyway? (JEWEL SAMAD/AFP/Getty Images)
Politics & Current Affairs

For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.

Keep reading Show less