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Should CEO's of public tech companies be forced to disclose health concerns?

thermal

Member
There is an article on CNN this morning about Google's Larry Page.

(CNN) -- Google will kick off its annual I/O developers' conference Wednesday in San Francisco, but CEO Larry Page won't be speaking there. He also was a no-show at Thursday's annual stockholders meeting and is expected to miss the company's quarterly earnings call next month.

There is no evidence that Page, who has long been reluctant to speak in public, is seriously ill. But four days later, Google has had nothing else to say on the matter, and analysts and bloggers are getting restless. News sites have speculated about Page's "mystery Illness," and Google's stock has been trending down since late last week.

"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," said Doug Anmuth, an analyst at JP Morgan. "We think this could raise some questions among investors.

"We have absolutely no idea what is going on," said CNNMoney's assistant managing editor, Paul R. La Monica, in a video report Monday. "We can only hope that it's nothing serious, maybe just a really bad case of laryngitis, and he's under doctor's orders not to speak."

Observers point out that while Page's health may be a private matter, Google is a publicly traded company.

"There shouldn't be any mystery (here)," La Monica added. "Google should own up to whatever it is. ... It could stop, maybe, any rumors from going around."


What's wrong with Google's Larry Page? - CNN.com

Should CEO's of publicly traded companies, like Google, be legally required to disclose serious health concerns?
 
CEOs make decisions that affect the bottom line, and if you are a shareholder, you want to know if the person running the place will be around to keep running it in a way that will be profitable.
 
Your health is your health. Money doesn't change your right to privacy.

Would you say the same thing about the President? If him or Romney had a serious health issue, do you think you should have the right to know? CEOs of big publicly-held companies are in charge of a lot of peoples money, and are really employees of the shareholders, so I think being the head of a publicly held company costs you some privacy, especially when it directly affects the shareholders.
 
Would you say the same thing about the President? If him or Romney had a serious health issue, do you think you should have the right to know? CEOs of big publicly-held companies are in charge of a lot of peoples money, and are really employees of the shareholders, so I think being the head of a publicly held company costs you some privacy, especially when it directly affects the shareholders.
I would say the exact same thing about the president.

As long as they have the mental capacity to do the job as they are expected to do I do not need to know nor do I care to know about other health concerns.

If they are losing mental capacities that would affect their ability to do the job then obviously they should step down or be replaced.

I've had more healthcare privacy/ethics classes than I care to admit.
 
If his health issues do not impact the company's performance, then he should not need to disclose them. If his health issues can potentially impact the company, then he should disclose them. As far as I can tell, Google is still doing well and his absence does not appear to be impacting the company. I'm sure there are other people who can cover for his absence to these various events in the short term at least.
 
I think money and responsibility does change your right to privacy to a certain extent.
Maybe who the CEO is screwing is not too much of my concern, but if his health is failing, it effects the company value and strategy, so if I were a stock holder I would like and feel I have the right to know.
If they dont want to share the info, they should choose a lesser paying but less responsible and public position.
 
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