Google's new CFO

Oh! That is interesting, the fact that Google have managed to drag a Wall Street type across the country from New York to the Googleplex, which is in Santa Clara County for any of you that have ever been close to that part of the world. Well, do you know the way to San Jose? Ruth Porat better know the way, she has landed the job of CFO at Google, leaving the same job at Morgan Stanley. Check out the Google release: Ruth Porat to Join Google as Chief Financial Officer. The only thing that sticks out for me is that when Porat joined Morgan Stanley in 1987 (an interesting year for equity markets) Larry Page and Sergey Brin were 14. They were going through their geeky years at high school, we all remember those.

My point is that the business has evolved to the point where it is a lot more mature, Google have the ability to take someone from a nearly three decade career with one of the finest financial institutions on the planet, and entice her to join a company she would not have heard of two decades ago. As one of the links in what we are reading once pointed out, the jobs that your children and grandchildren are going to be working professionally may not have been invented yet. In fact, in all likelihood they have not been invented, it is evolving on a daily basis. It signals a clear sign that the jobs with more excitement for financial types are in technology, businesses that are evolving. I am however pretty sure that Wall Street will never lose the mojo, the allure of riches. It may not be fair in her specific case, this is as Porat describes it "a return to her roots". Her father taught in Palo Alto for 26 years. See? Good work Google, your gain is the loss of Wall Street.