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Comment by jmathai | Hacker News Reader

It's important to note that Larry and Sergey control over 50% of voting shares. Whatever share this investor owns, it's a minority share of votes.

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Which is to say, it's entirely fair to blame Larry and Sergey for these layoffs. Running things day to day or not, the company is still controlled by them and works more or less the way they want it to. Every time someone claims Google was different when Larry and Sergey ran it absolutely perplexes me... they still run it.

This letter from November says they have over $6 billion worth of shares. I think that's less than half a percent of Google shares.

Alphabet - TCI Fund Management https://www.tcifund.com/files/corporateengageement/alphabet/...

They have 51.3% of the voting power. Their shares have 10x the voting power of other voting shares.

I like little fund managers that think they understand anything about the actual operations of the companies they invest in based on metrics like "median salary."

Gotta justify your fee for not beating index funds.

https://seekingalpha.com/article/4567705-chris-hohn-tci-fund...

> This quarter, TCI Fund Management's 13F portfolio value decreased ~10% from $31.60B to $28.58B. The number of positions decreased from 12 to 9. The top three holdings are at ~53% while the top five are close to ~79% of the 13F assets: Alphabet, Microsoft, Canadian National Railway, Canadian Pacific Railway, and Visa.

This is down from ~$44B 1H2022.

https://seekingalpha.com/article/4522800-chris-hohns-tci-fun...

Looked him up and he seems like a solid person. I don't agree with his assessment of Alphabet but his activism and philanthropy may make up for it.

https://en.wikipedia.org/wiki/Chris_Hohn

Would TCI recommend they lay off their own staff or reduce their staff salaries due to such abysmal returns also? Lol.

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