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Despite lingering concerns about its transition to mobile, Google ended 2012 with a strong fourth quarter. As the company reported yesterday, full-year revenues topped $50 billion for the first time last year, while full-year profits soared to new highs of $10.75 billion.
Google’s stock price reacted positively in after-hours trading, reaching $741.50, as the results beat Wall Street expectations. Larry Page, Chief Executive Officer of Google, said:
To put this growth in context, check out this infographic by Statista below.
Curbing corporate misbehaviour is a key policy goal but fixing the problem requires an understanding of what causes it. This column develops an innovative empirical approach that identifies unethical CEOs as an important cause of unethical corporation behaviour. Read more
Jeffrey D. Sachs,
Isam al Khafaji,
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