From the December-January 2007 issue of Treasury & Risk magazine

CFOs in the Glare

There is a burden that comes with celebrity--a statement to which George Reyes, the CFO at Google Inc., can readily attest. After its unprecedented IPO in August 2004, Google began to show a little bit of its age in the fourth quarter of 2005, when its phenomenal growth began to slow ever so slightly to a mere 82%.

At a Merrill Lynch investment conference about Google's future growth rate, Reyes was asked whether indeed the wunderkind company was losing its pop--and being an honest sort, Reyes replied that while Google would still be growing at a double-digit pace, it might not be at quite the rate it was recording earlier in its life as a public company. Even though investors are always asking for the facts, they were thrown into a tizzy and Google's stock took a hit, dropping 12% in 20 minutes at one point.

Comments

Advertisement. Closing in 15 seconds.