Google CEO Larry Page’s Health Being Questioned
Wall Street is speculating Page might have more than just a “lost voice”
Larry Page at Zeitgeist 2012In the wake of Google CEO, Larry Page, missing an annual shareholder meeting last week due to a “lost voice”, many are speculating that the Internet giant might be concealing larger health issues.
The Wall Street Journal quoted an email Page sent to employees last week stating, “there is nothing seriously wrong with me”, but now Google has announced that the CEO will also be absent from a Google developers’ conference this week and its next earnings conference call next month.
At last week’s shareholder meeting, Executive Chairman Eric Schmidt, explained that Page “lost his voice” and “can’t do any public speaking engagements for the time being”. Schmidt wished the CEO a “quick recovery”, but refrained from mentioning how Page lost his voice.
Some corporate governance experts find the situation to be a little fishy, and believe that Google should disclose further details, given the experience of Steve Jobs. The Apple CEO died last year after delivering very limited updates about his health, according to the Wall Street Journal.
"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 second-quarter [earnings], call which is likely still a few weeks away," the Wall Street Journal quoted JP Morgan analyst Doug Anmuth as saying. "We think this could raise some questions among investors."
Herman Leung, analyst with Susquehanna Financial Group, said he is already getting calls from investors asking if they have reason to be worried.
"It's hard to imagine a CEO missing that much stuff and not have a serious problem," added Rick Devine, head of Devine Capital Partners.
The Wall Street Journal consulted with a voice care specialist regarding different medical ailments that would cause long-time voice loss. The voice care specialist suggested Page could have a number of different ailments including acute laryngitis, muscle tension dysphonia, or benign lesions on the vocal chord.
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