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Finance

What Is Larry Page’s Political Party?

Larry Page co-founded Google alongside Sergey Brin. Page served as Google’s CEO, while Brin served as the president. In 2015, Google underwent a major corporate restructuring that put it under a new holding company called Alphabet. Larry Page continued to serve as Alphabet’s CEO until 2019 when Sundar Pichai succeeded him. 

In the Silicon Valley, where Google is headquartered, it’s usual for tech executives to align themselves with specific political party positions. 

Have Larry Page’s political views impacted his career?

Google executives, including Page, expressed concerns when President Trump won the election in 2016. It isn’t known if Page’s political views steer Google’s business decisions. Under Page’s leadership, Republicans have accused Google of political bias. President Trump was aware that tech companies, like Google, tend to be liberal. Trump accused Google’s leadership of rigging its Internet search results to favor Democrats and stifle conservative voices.

Source: Getty Images

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Google doesn’t hire staff based on their political affiliation. However, if political campaign donations by staff members are anything to go by, Google is still heavily liberal. For the 2020 election cycle, 88 percent of Google staff donated to Democrat candidates compared to 12 percent who donated to GOP candidates, according to the OpenSecrets website. 

Democratic candidates Bernie Sanders and Elizabeth Warren received particularly strong financial support from Google staff for their presidential bids. Interestingly, Google continued to donate to Warren despite her proposal to break up the company and other big tech companies to curb their influence. 

Also, Google donates to Democrats despite the party’s desire to tax billionaires, like Page, more. Google CEO Eric Schmidt endorsed Democrat Barack Obama for the 2009 presidential election, which hints at the company’s liberal affiliation. Google donated $25,000 to the Obama inauguration fund. Schmidt, Page, and other Google executives contributed to the donation.  

obama stock market

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In addition to liberal campaign financing, Google staff have also sought to keep the company out of business with the government in policy areas that are more conservative like restricting immigration. For example, Google staff demanded that the company stop providing technology to immigration agencies when there was controversial family separation at the southern border.

Finally, the stock of Google parent Alphabet trades on the Nasdaq exchange under the ticker symbols GOOGL and GOOG. GOOGL stock is Alphabet’s Class-A share type and has noting rights. GOOG stock is Alphabet’s Class-C share type and doesn’t have voting rights. Google co-founders Page and Brin control Alphabet through the powerful Class-B shares, which aren’t publicly traded.

View more information: https://marketrealist.com/p/larry-page-political-party/

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