Either you are the company at the top of the range hiring the best talent possible across the board or you settle for the median and continue on with ~5% growth per year. Mediocrity works well for large corps like UnitedHealthcare, Walmart, and even Microsoft. Hedge Funds seem to want to move Alphabet to that more predictable pattern which makes sense for stability but is disappointing technologically.
> Hedge Funds seem to want to move Alphabet to that more predictable pattern
Or the hedge funds feel like this has already happened due to their massive size and bloated management. Maybe they think that Google is beyond the point of meaningful growth in new areas (relative to their ad revenue), so they should start operating like a boring corporation instead of throwing insane salaries at everyone like magic beans that will sprout into new areas of growth.
This isn't necessarily hedge funds pushing for Google to change into something they aren't. Maybe they're just pushing for Google to accept the reality of the situation they put themselves in.
I don't necessarily agree with that perspective, but I don't think it's totally unreasonable.
Does it make sense if your business is technology? Feels like Google apps are more and more buggy, they'll stagnate if they can't make quality software people want to use.
