That’s the only way to explain her very odd mischaracterization of Google in this BBC article unless she was massively quoted out of context. If she’s running the company and has that poor of mental grasp on the competition, I’d be very, very concerned as a shareholder for the future of the company.
From the link:
“Google is going to have a problem because Google is only known for search,” said Ms Bartz.
“It is only half our business; it’s 99.9% of their business. They’ve got to find other things to do.
“Google has to grow a company the size of Yahoo every year to be interesting.”
Find other things to do? I’m no Google cheerleader (although I absolutely love the Chrome browser), but is she serious? I think I answered that in the previous parenthetical reference. Now I know Bartz was talking about monetized business, but even facing the Facebook threat to online ad revenue I seriously doubt Google has any short- or even mid-term concerns to remaining enormously profitable.
Maybe the tone of the interview was driven by a little industry jealousy. Just for fun let’s compare the recently released Q1 earnings reports for each.
Yahoo! (released April 20, 2010)
revenue: just under $1.6M, up one percent over first quarter 2009
Google (released April 15, 2010)
revenue: $6.77B, up 23 percent over last year’s first quarter
Now that is a difference in revenue. Yahoo is below two million and Google is below seven billion. Good interview, Carol. It’s always smart to call out your competition when you’re operating from a position of strength. Oh, wait …