IMMEDIATE RELEASE: Wednesday August 24, 2011
MBRT Calls for Rigorous Antitrust Investigation
and Scrutiny of Google’s Lack of Corporate Board
and Supplier Diversity in Acquisition of Motorola
Washington, D.C. – 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.
“Similarly, 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 be examined. Their board of directors
lack 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 US 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.
The Minority Business RoundTable is proud to have Johnson & Johnson, Glaxco Smith Kline, National Cable & Telecommunications Association, Equifax, the Allegis Group and Aerotek, Inc., IMPAC Real Estate Holdings, the Business Roundtable, an association of chief executive officers of the country’s leading corporations, U.S. Small Business Administration, U.S. Department of Energy, U.S. Department of Commerce, Minority Business Development Agency and other federal agencies, corporations and business trade groups as strategic partners. For more information on the Minority Business RoundTable, please visit www.mbrt.net.
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