MBRT Calls for Rigorous Antitrust Investigation and Scrutiny of Google’s Lack of Corporate Board and Supplier Diversity in Acquisition of Motorola
WASHINGTON, Aug. 25, 2011 /PRNewswire-USNewswire/ — Amid state, federal and global probes into its anticompetitive business practices, Google’s $12.5 billion bid to buy its way into the equipment business is its most brazen act yet. The Minority Business RoundTable calls upon federal regulators to stand up for small and mid-sized businesses through rigorous antitrust investigation by examining Google’s corporate governance, lack of corporate board representation and supplier diversity business practices.
Too often, as corporate behemoths grow unchecked, its America’s entrepreneurial minded small and minority owned businesses that fall victim to their monopoly behavior. There is no marketplace that requires greater protection against antitrust abuses than the Internet. Fair and transparent search practices are essential to ensuring that the Internet remains the kind of level playing field that enables small and minority businesses to thrive.
“The market for mobile accessories like cases, car charges and headsets is a hotbed for small businesses. If Google is permitted to favor Motorola handsets for its Android platform, it could drive other manufacturers out of the market and limit opportunities for entrepreneurs to introduce companion products”, said Roger A. Campos, President & CEO of MBRT.
Google’s lack of good corporate governance should also be examined. Their board of directors lacks diversity and their executive management should look like the faces of Americans. There are no Hispanics on the board and in top leadership positions which represents 16% of the U.S. population and accounts for 2.3 million businesses. Google’s CEO has no executive in higher management that is responsible for ensuring that small and minority businesses participate as suppliers. An investigation will shed light on the state of Google’s business affairs and social responsibilities to ensure that it meets minimum standards of good corporate board governance and supplier diversity inclusion.
About the Minority Business RoundTable:
The Minority Business RoundTable is the only national non-profit organization for CEOs of the nation’s leading African-American, Asian-American, Hispanic-American, Native-American and other minority-owned businesses. Its members analyze and help formulate effective public policies that impact minority-owned business. Our corporate members work to create sustainable communities and national economic viability through successful partnerships. For more information, please visit www.mbrt.net.
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SOURCE Minority Business RoundTable