Google Cloud has made profit first time in history. Youtube revenue keep increasing. Other bets like self-driving car may payoff. Ad business is suffering less than competitive ad businesses.

Two things investor are recently asking for is reduction in workforce and rationalizing compensation. First one is done to an extent. Second one likely be agenda in coming months and years.

So all in all Google is doing fine and board or investors have no need to be concerned with CEOs. It may change though if competitors do hurt google business in material ways in future.