Google’s vice president of finance, Michael Roszak, called the company’s search advertising business “one of the best business models” in 2017. According to the top manager, it ignores the laws of economics.
Bloomberg reports this with reference to notes Roszak took during a communications training Google conducted in July 2017.
“Search advertising is one of the best business models the world has ever created,” the corporation’s vice president wrote at the time. According to him, there are only “illegal businesses (cigarettes or drugs) that can compete with this economy.”
Roszak believes that Google’s business may actually “ignore one of the fundamental laws of economics”: the law of supply and demand. The model allowed the corporation to “ignore the demand side of the equation (users and requests) and focus only on the supply side of advertisers.”
“We can basically tear economics textbooks in half,” the executive’s notes say.
The company’s vice president’s notes were used in the U.S. Department of Justice’s antitrust case against Google and were released this week after a district judge gave permission for evidence in the case to be posted online.
Roszak said he took notes for a communications course, but did not say whether he used them in his presentations. The executive added that the entire document was “full of hyperbole and exaggeration” and was never sent to anyone at Google.
The company’s lawyers objected to the use of these records in court because they are not official documents.
“He was dressed as Gordon Gekko,” said Google lawyer Edward Bennett, referring to the character from the movie “Wall Street.”
Author:
Akhmed Sadulayev
Source: RB
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