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Saturday, 23 June 2012 - Google CEO says nothing seriously wrong: source |
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See the best of Reuters photography.  See more | Photo caption  Hunting hogs in Alabama The wild boar was once the most prized catch in ancient Greece.  Slideshow  Rise of the megacities Cities of over 10 million are growing fast.  Slideshow  Google CEO says "nothing seriously wrong": source Tweet Share this Email Print Related News UPDATE 2-Google CEO says "nothing seriously wrong" -source Fri, Jun 22 2012 Google CEO says "nothing seriously wrong": source Fri, Jun 22 2012 Google CEO loses voice, skips shareholder meeting Thu, Jun 21 2012 Apple takes on Google with own maps, better Siri Mon, Jun 11 2012 Insight: Google goes softly-softly on European antitrust Mon, Jun 11 2012 Analysis & Opinion A solution for underwater mortgages: Eminent domain Votes and dollar signs, cancer cure-rate claims, present at the euro’s creation Related Topics Tech » Media » Google CEO Larry Page speaks during a press announcement at Google's headquarters in New York, May 21, 2012. Credit: Reuters/Eduardo Munoz By Alexei Oreskovic SAN FRANCISCO | Fri Jun 22, 2012 9:08pm EDT SAN FRANCISCO (Reuters) - Google Inc Chief Executive Larry Page has reassured employees about his health, but the company on Friday shed little additional light on an unspecified condition affecting his voice that will sideline him from two high-profile events in the coming weeks. Page told employees in an email on Thursday that there was "nothing seriously wrong with me," according to a source who had seen an internal staff memo. The 39-year-old Google co-founder sat out his company's annual shareholders' meeting on Thursday because he had "lost his voice," according to Google Executive Chairman Eric Schmidt, who informed attendees of the news at the start of the event. The condition will also cause Page to miss Google's annual developer conference next week as well as its quarterly results announcement next month. Page continues to run Google's business, but has been asked to rest his voice, according to a Google spokeswoman. The company declined further comment on his condition. The prolonged absence from the public spotlight raises questions about his condition, and the company's obligation to disclose issues of concern to shareholders. Corporate governance experts say Google has met minimal disclosure requirements but will face increasing pressure while Page remains out of sight. On Friday, Google's shares rose 1.1 percent to $571.48, lifted along with the rest of the Nasdaq. "It gets them over the first disclosure hurdle, that is they've alerted shareholders to the fact he's going to have this health effect," said James Post, a professor of management at Boston University who specializes in corporate governance issues. "The tough questions still lie ahead, and there will be continued pressure to keep answering those tough questions." While many people, including senior business executives, prefer to keep health matters private, public company CEOs have responsibilities to a "wide set of constituents, some of whom have a legitimate claim to know about material information," said Post. The issue came to the fore several years ago when Apple Inc was criticized for being less than forthright about the health of CEO Steve Jobs, who died in October after a long struggle with pancreatic cancer. "With the concerns over Steve Jobs, people are quick to jump to a conclusion that may not be the right conclusion to jump to," said Needham & company analyst Kerry Rice. Page's health could be regarded as an especially significant issue because he, along with Schmidt and co-founder Sergey Brin, have majority control of the Internet company through special voting shares. Wall Street analysts mostly took the news of Page's extended absence in stride, though some expressed concern about the lack of information. "It's the number one thing I'm concerned about today just because there's so little data available," said BGC Partners analyst Colin Gillis. JP Morgan analyst Doug Anmuth noted that Page has not posted any messages to his Google+ profile since May 25. "We have no specific reason to think there is anything more to Larry's condition, but we find it odd that the company would already rule him out of the 2Q call, which is likely still a few weeks away," Anmuth wrote to clients late on Thursday. "This could raise some questions among investors." Simon Best, a head and neck surgery specialist at the Johns Hopkins Voice Center, said most cases where a doctor might order a patient to rest their voice involved either a vocal chord hemorrhage, or throat surgery of some sort. "We actually very rarely put people on complete voice rest where they are not cleared to talk or allowed to talk," West said. "There are probably some practice differences between physicians and whoever is treating him, but there are only two scenarios where we put people on voice rest: if they've had vocal cord surgery, or if they've had a vocal chord hemorrhage." Best, who has not treated Page, said hemorrhages were easily treatable, but a wide variety of conditions might necessitate surgery. The Wall Street Journal first reported on the details of Page's internal memo on Friday. During the shareholder meeting on Thursday, Google's Schmidt tried to lighten the situation by relaying comments that co-founder Brin had made about Page's condition: Sergey "has said that this problem will make Larry a better CEO because he's going to have to choose his words very carefully." (Reporting By Alexei Oreskovic with additional reporting by Salimah Ebrahim; Editing by Gary Hill) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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