Threat of Loss of Control over Company as a Result of Hiring an Outsider CEO

Two venture firms Kleiner Perkins of John Doerr and Sequoia Capital of Michael Moritz that had invested $25 million in Google in 1999 had gotten nothing in return, as they saw it, except frustration and headaches from the Google Guys, who had done everything possible to maintain absolute control. So the firms insisted that Brin and Page would fulfil their verbal promise to hire an experienced first-rate executive, someone who could be Google’s public face when it came time to cash in on Wall Street. But Brin and Page rejected one candidate after another, believing that everything was fine at Google. They had done their best to discourage many candidates Doerr sent to them from wanting to come to work with them. He was already beginning to feel that nobody would please them. In its turn Moritz threatened to demand repayment of his company $12.5 million investment...