Has Google stopped offering staff bottled water as it cuts back on costs during the recession? It’s not clear even after journalists spent time with CEO Eric Schmidt and co-founder Larry Page at the Sun Valley conference this week.
That question has got louder and louder from investors and Wall Street analysts concerned that YouTube owner Google is racking huge profit-hindering costs to be the free online video platform for the world. It seems Google’s top guys don’t know the answer either — or if they do, they’re choosing not to share it with reporters on Thursday.
Spotting which executives are talking to each other is the No.1 spectator sport among the reporters at the Allen & Co conference in Sun Valley, Idaho, where dealmaking is always in the air. And the action on Thursday did not disappoint.