Hillary Clinton thinks Wall Street is too focused on short-term profits. So does Google. - Vox

Hillary Clinton thinks Wall Street is too focused on short-term profits. So does Google. - Vox

Hillary Clinton thinks Wall Street is too focused on short-term profits. So does Google. Updated by Timothy B. Lee on August 11, 2015, 4:50 p.m. ET Darren McCollester/Getty Images Google CEO Larry Page announced on Monday that he intends to create a new corporate parent, called Alphabet, which will own Google as well as a variety of other ventures. One way to understand the move is as a response to a problem that Hillary Clinton identified in a campaign speech last month: "quarterly capitalism." Clinton argued that "everything is focused on the next earnings report or the short-term share price, and the result is too little attention on the sources of long-term growth: research and development, physical capital, and talent." In a sense, Page is trying to prove Clinton wrong, by building a company that's focused on ambitious long-term investments rather than quarterly financial results. But Page is also the exception that proves the rule:

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