The alternate title to this post could be “Back off, already.” Google, Apple and Yahoo have been three of my favorite companies for the last decade of my life. Working online, on my computers (and now iPhone), I use them all, almost daily. Although, poor Yahoo has become less to me since their redesign and my recent adoption of Facebook as both my homepage and my connection to the world (with a few additional twitters thrown in), each company has enriched my life and my work.
But man, no one will give them a break. Since we can discuss every minutia of every company ALL THE TIME through blogs & instant news, apparently, we think we should. That kind of corporate celebrity stalking only puts them in a pressure cooker that will, ultimately, in combination with Wall Street Greed, kill them. It seems now that Yahoo is on the ropes, the spotlight turns to Google.
So, I will too and with no authority whatsoever say my piece: Google is fine. Leave them alone for a moment. Let them run their business. Sometimes they will make a little money. Sometimes they will make a lot of money. Sometimes they will make the coolest thing ever. Sometimes, they won’t.
Gord Hotchkiss at MediaPost says Google will be a winner despite the fact that everyone is talking about all the Google cutbacks. But it’s okay to be cutting back, get this, even if you’re making money. In fact, it’s probably smart. I don’t think Google can really evolve back to it’s core, because it has become so much more than that. But it can act smartly, efficiently in a down economy, because it should be doing so. We all should be doing so. Because we’re fine. Google is fine. Shut up already.
Now on to Yahoo. Poor Yahoo. I have worked with Yahoos and I have loved Yahoo. I do think Yahoo has made some missteps in the last few years, but I do not think one of them was selling out to Microsoft. I think it’s okay to think the world is not just about money and that there is room for Yahoo. But Wall Street would just not leave it alone. I’m a stockholder and was not holding on to Yahoo as a short-term investment, but a long-term one. I still am.
And I personally don’t like Microsoft that much and I believe in competition and diversity and like having Yahoo exist. I still think that stocks are something you hold on to for 10 years, 20 years, 30 years and beyond. I’m excited about Carol Bartz taking over as CEO and now it’s time to give her 100 days or 4 years or enough time to turn a big company around. Because these things take time.
Everyone seems to be acting like the game will be over this year. Because of the panic of the economy and the media and this past administration’s rule by fear-mongering. What I loved about Obama’s speech was it was the speech of an adult. It was basically saying, “Let’s all go home and clean up our rooms” and “stop being greedy, fearful piglets.” Okay, he didn’t obviously say either of those, but it’s the spirit of his message.
He actually did say, “On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.” So now it’s time to stop the discord. Yes, Yahoo is in trouble (what company isn’t) but I say, “Back off. Let Yahoo have a moment to figure it out and figure out what to do and implement that.” Don’t be greedy for instant gratification. That’s what our nation has become. A nation of little toddlers who can’t wait for anything. And it’s killing us. And bringing us down.
Change takes time. Obama said it. I say it. And it’s true. So let Yahoo have time to figure out what they’re going to do. The internet isn’t going anywhere, no one else is going all that well at this point either. So to all those screaming at Yahoo that they’re in trouble, I’m saying, “Hey Pot, you’re black.” Now, onto Apple.
I love Apple. I have loved Macs from the moment I discovered them around 1986-ish. We currently have 5 macs in our house and 5 ipods (including to iPod Touches). And I truly love my iPhone in ways that are changing my life. And there is no question that Steve Jobs is having a hard time and clearly didn’t want to talk about it. Apple is now facing an SEC review about if they withheld disclosure about Job’s health.
But again, I’m tired of the panic and unrealistic expectations. Apple stock is up today because it’s earnings were up. But guess what, Steve Jobs is still sick. And while he didn’t say anything about his recent health issues probably to protect his company’s stock, he probably also did it to protect himself. Perhaps he was still figuring it out. Perhaps it’s difficult to face a health crisis that involves a liver-transplant due to complications from pancreatic cancer.
Yes, Jobs was diagnosed with pancreatic cancer in 2004. So it should not be a huge surprise to find out that his health may never be 100 percent. And yet, people are acting all bent out of shape because he’s been holding his cards close to his vest. “He didn’t tell us he was sick. How dare he!” Get over it, already. Let it be.
We are so obsessed with stalking a corporate celebrity claiming it’s because of how it affects the stock price, but clearly something’s also wrong with us. It’s a man’s health. He wants to be healthy. He wants to figure out how to deal with this and he doesn’t get to because he is a public figure, a CEO who is also a corporate celebrity. Really. He can’t take a moment to pretend maybe it’s just hormones and he doesn’t need major life-changing surgery. That’s so weird, because that’s what I would do if faced with those health issues. But Jobs is better than a normal person and must be held to a higher standard. Because he’s rich and a genius. (Apparently no one remembers Jobs in 2007 selling the first iPhones at $599 and then dropping the price $200 and super-pissing off all the loyal early adopters. Doesn’t sound like a genius to me, sounds like a guy who got a little greedy, quickly fixed it, made a mistake while trying to fix it and had to apologize for it) It just all becomes wasteful noise.
If you’re concerned about the stock, sell. If you’re not, buy. If you don’t want to figure it out or don’t have the money, stay out of the stock market. The stock market is speculative. Smart people call it gambling.
The amount and fever of the speculation is exhausting and disgusting. I’m done. I hope Steve Jobs is going to be okay. I wish him well and a speedy recovery. I don’t know him, but I like his company. If he has to step down as CEO, then someone will take his place. Apple will have to deal with that. He is not a god.
No man is an island, but no one man (or woman, thank you very much) can solve everything. We keep looking for someone to blame, someone to crown King, someone to be our perfect parent. And somehow, when those people fail us, when companies are not perfect, when their leaders who’ve been so smart before make a mistake, we burn them. We vilify them, we throw them to the wolves. What’s going on here?
And it doesn’t have to be a company CEO. I personally hope this doesn’t happen with President Obama, although it is inevitable. He will do a great job with most things (and god knows, comparatively, how could he not do better than Bush?) But then he’ll make one mistake, one very human error and he will be crucified.
We are turning into a people with obsessive, compulsive disorder personality. Not the kind where you have to wash your hands all the time and count sidewalk squares. But the kind who obsesses over every detail, looks to buy happiness with things and can only see the world as black and white, good and evil. People are good AND bad – sometimes, and often, at the same time. So are companies and corporations (particularly the bigger they get). So I say, get over it. I like Apple, Google and Yahoo. If it was something I did, I’d be buying their stock right now. But like the rest of us, they’re in transition so I’ll just wait and see. And I’ll give them a little room to roam. Meanwhile, as CEO of my life, I’m going to go clean my room.