Today’s SF Chronicle contains a piece summarizing some of the more bizarre discussions between Google and the IPO regulators at the SEC last summer. For example, the company was chastized for being so informal as to use first names (e.g., Larry Sergey, and Eric) for its executives. And then, of course, there was that darn letter:
Letters between Google and the SEC show that the federal regulators were not amused by the idealistic exuberance of the search firm’s founders, Larry Page and Sergey Brin.
An assistant director at the Securities and Exchange Commission wrote to Eric Schmidt, Google’s chief executive, in the spring of 2004, asking him to explain why such a letter should begin the nearly 150-page filing or to consider moving it. By the time of the company’s IPO on Aug. 18, a year ago this week, the letter was buried on page 27.