Larry Page To Be Absent From I/O and Earnings Call Due To Voice Loss
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Google CEO Larry Page has lost his voice and will not be speaking at three company events according to chairman Eric Schmidt. The three events include yesterday’s shareholders meeting, the I/O Developers conference next week, and the second-quarter earnings announcement. At the meeting shareholders approved of a proposal that lets the company issue new shares without diluting the voting power of Larry Page, Eric Schmidt, and Sergey Brin.
The change in the stock will create a new class of nonvoting shares to be distributed by existing shareholders in a 2-for-1 stock split. The pending litigation against the new structure will probably hold up the implementation of the new structure. This likely will not be resolved until at least Q4.