Latest news with #Mohan
India.com
a day ago
- Business
- India.com
Google Once Paid $100 Million To Retain This Indian-American Executive – Hint: Not Sundar Pichai
photoDetails english 2908373 Updated:May 30, 2025, 02:58 PM IST Google's $100 Million Bet to Keep Neal Mohan 1 / 7 In 2011, Google made headlines for offering an eye-popping 100 million dollars package to Neal Mohan, an Indian-American executive, to keep him from leaving the company. This massive offer was part of a fierce battle to retain one of their top product strategists, proving how much Google valued his talent and vision. The High-Stakes Talent War with Twitter 2 / 7 According to a 2011 TechCrunch report, Google's Back then, Neal Mohan was about to join Twitter (now X) as Chief Product Officer. Twitter's former board member David Rosenblatt, who had worked with Mohan before, wanted him badly. To stop this, Google offered Mohan 100 million dollars in restricted stock units, vesting over several years, to persuade him to stay. Meet Neal Mohan – The Rising Star 3 / 7 Neal Mohan is a Stanford electrical engineering graduate who started his career at Andersen Consulting (now Accenture). He later joined NetGravity, a startup that was acquired by DoubleClick. At DoubleClick, Mohan quickly rose to become Vice President of Business Operations, showing strong leadership in digital advertising. Mohan's Key Role at Google After Acquisition 4 / 7 When Google acquired DoubleClick for 3.1 billion dollars in 2007, Neal Mohan took on a leadership role within Google's advertising business. By 2011, he was a crucial figure in developing Google's ad products and shaping the future of YouTube's platform, becoming a driving force behind their success. Twitter's Attempt to Woo Sundar Pichai Too 5 / 7 Twitter's talent hunt wasn't limited to Mohan. The company also tried to recruit Sundar Pichai, who was leading Google's Chrome and Chrome OS teams. Google responded by offering Pichai a 50 million dollars stock grant to keep him from moving to Twitter, reflecting the fierce competition for tech leadership at the time. Where Are They Now? 6 / 7 Today, Neal Mohan is the CEO of YouTube, having taken over in 2023 after Susan Wojcicki's departure. Sundar Pichai became Google's CEO in 2015 and later Alphabet's CEO in 2019. Both men remain influential leaders, shaping the future of the tech world. Why Top Talent Is Worth Billions 7 / 7 This story highlights how tech giants like Google go to great lengths, including massive pay packages, to retain talented leaders. Executives like Mohan and Pichai are crucial to driving innovation and maintaining a company's competitive edge in a cutthroat industry.
Business Insider
a day ago
- Business
- Business Insider
‘Don't Be Afraid to Buy IBM Stock Right Now,' Says Five-Star Analyst
Five-star Bank of America analyst Wamsi Mohan kept a Buy rating on IBM (IBM) and set a price target of $270 after saying that the tech company is a safe investment with expected growth ahead. Indeed, he believes that IBM will grow its revenue and cash flow, which could help fund more mergers and acquisitions in the future. In his note, Mohan focused on transaction processing (TP) software, a key part of IBM's mainframe systems, which has not only stabilized but is now growing again, even in today's cloud-focused tech world. Confident Investing Starts Here: Mohan explained that TP software makes up about one-third of IBM's total software revenue, earning between $5 billion and $7 billion per year, with most of this coming from IBM Z mainframe systems. In addition, growth in this area is being driven by new pricing models, technological improvements, and high demand for reliable systems that are used in critical business operations. Mohan also pointed out that many IBM Z customers are increasing their usage in order to handle more digital transactions, which has boosted IBM's recurring software revenue. Interestingly, while Red Hat has been a major driver of growth for IBM, TP software is also becoming more important. In fact, IBM expects this part of the business to grow by mid-single digits, while the total software segment is expected to grow by about 10%. It is worth noting that IBM has added features like WatsonX AI and switched to more flexible subscription pricing, which has helped more customers sign on and stay longer. As a result, these strategies are helping IBM grow both usage and revenue by making the software a deeper part of customers' businesses, according to Mohan. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on eight Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $260.62 per share implies 0.7% upside potential.
Yahoo
2 days ago
- Business
- Yahoo
IBM's TP Software Stays 'Extremely Relevant' To Growth, Even In The Public Cloud Age: Analyst
On Wednesday, B Of A securities analyst Wamsi Mohan maintained a Buy rating on International Business Machines (NYSE:IBM) with a price forecast of $270. The rating reflects the analyst's view that the company is a defensive investment and anticipates improving revenue growth that should, in turn, generate higher cash flow available for reinvestment in further mergers and acquisitions. In an analyst note that focused on IBM's transaction processing (TP) software, a critical component of its mainframe operations, Mohan noted TP software has not only stabilized but is now demonstrating significant growth staying extremely relevant in the age of public growth is driven by strategic innovation, evolving pricing models, and the enduring demand for its unparalleled reliability in mission-critical operations. The analyst noted that TP software contributes approximately one-third of the company's total Software segment revenue (over 90% comes from IBM Z/mainframe environments) and generated annual revenues ranging from the mid-$5 billion to over $7 billion over the past decade. Several factors contribute to the growth of IBM's TP software, including increased mainframe workloads and innovative pricing models. He asserted in an analyst note that these drivers ensure that IBM remains competitive in the evolving IT landscape. While Red Hat has often been the primary focus for growth (exhibiting mid-teens growth), TP remains critically important to IBM's overall revenue expansion and profitability, Mohan noted. He further said that the company projects this business to achieve mid-single-digit growth, compared to an expected 10% growth for the entire Software segment. Also, WatsonX integration and innovative pricing strategies have driven greater adoption and improved retention for IBM's TP software, enhancing its overall stickiness within enterprise environments, he added. Moreover, the analyst said several IBM Z customers are scaling MIPS to meet rising digital transaction demands, with 70% increasing usage, boosting recurring software revenue. In 2024, IBM noted about 4 points of transaction processing revenue growth came from higher workload consumption fueled by mobile banking, e-commerce, and data-driven activity. Mohan added that IBM's Enterprise License Agreement (ELA) approach for its TP software has been central to boosting its adoption and financial consistency. Overall, the analyst believes that ELAs have strengthened IBM's capacity to retain clients and consistently grow transaction processing revenue by deeply integrating IBM's software into customer operations and strategic planning. Regarding pricing trends, Mohan said that IBM has transitioned its TP software pricing from rigid capacity-based billing to more flexible, subscription-style models. By combining modest price increases with modern options like Tailored Fit Pricing (TFP) and Enterprise License Agreements (ELAs), IBM has reduced cost barriers and encouraged greater usage. Mohan added that this shift has supported both higher unit pricing and volume growth. Investors can gain exposure to the stock via First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) and FT Vest Technology Dividend Target Income ETF (BATS:TDVI). Price Action: IBM shares are trading lower by 0.86% to $258.01 at last check Thursday. Read Next:Photo via Shutterstock Date Firm Action From To Jan 2022 BMO Capital Maintains Market Perform Jan 2022 UBS Downgrades Neutral Sell Jan 2022 Goldman Sachs Initiates Coverage On Neutral View More Analyst Ratings for IBM View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? IBM (IBM): Free Stock Analysis Report This article IBM's TP Software Stays 'Extremely Relevant' To Growth, Even In The Public Cloud Age: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
2 days ago
- Business
- Business Standard
Inside Google's $100 mn gamble to retain YouTube CEO Neal Mohan in 2011
Within Silicon Valley's high-stakes arena, retaining top talent often requires bold moves — and Google's $100 million bet on Neal Mohan is a textbook example. More than a decade ago, the tech giant shelled out a massive stock package to stop Mohan from jumping ship to rival X. The revelation surfaced recently on Zerodha co-founder Nikhil Kamath's podcast, where Mohan appeared as a guest. Kamath recalled reading about the extraordinary counteroffer made by Google in 2011. 'I remember reading this thing about Google offering you $100 million not to quit. Not today, but 15 years ago, which was a lot of money,' Kamath said. Mohan did not deny the claim. Inside the $100 million deal At the time, Mohan was a central figure in Google's advertising and YouTube product strategy. Twitter, aiming to strengthen its product leadership, had approached Mohan for the position of Chief Product Officer. The offer was reportedly championed by David Rosenblatt, Mohan's former boss at DoubleClick and a board member at X. Sensing the risk of losing a valuable resource, Google swiftly responded with a counteroffer — restricted stock units worth over $100 million that would vest over several years. The offer was made even before an official one came through from X, according to a 2011 TechCrunch report. The move underscored Mohan's growing influence and the strategic importance Google placed on keeping him. Interestingly, Mohan was not the only Google executive X was eyeing. Sundar Pichai, then leading Chrome and Chrome OS, was also approached. Google responded with a $50 million stock grant to retain him. From startup roots to Silicon Valley leadership Neal Mohan's career trajectory reveals why Google was so determined to keep him. A Stanford University graduate in electrical engineering, Mohan started as a senior analyst at Andersen Consulting (now Accenture) in 1994. In 1997, he joined NetGravity, which was later acquired by DoubleClick. At DoubleClick, Mohan rose to become vice-president of business operations. He was instrumental in reshaping the company during tough times, and when Google acquired it in 2007 for $3.1 billion, Mohan transitioned into a senior role in Google's ad division. By 2011, he was already shaping YouTube's product roadmap and had become indispensable to Google's product development efforts. The $100 million retention deal turned out to be a prudent investment — his work proved pivotal in shaping YouTube's future. Rise of a quiet tech leader Mohan's impact continued to grow after the failed X move. In 2015, he was appointed Chief Product Officer at YouTube, and by 2023, he had succeeded Susan Wojcicki as CEO of the platform. Despite his low public profile, Mohan remains one of the most influential figures in tech. Beyond his executive role, Mohan is also an Advisory Council Member at Stanford University's Graduate School of Business and a member of the Council on Foreign Relations.
Yahoo
3 days ago
- Business
- Yahoo
YouTube tops Nielsen report for third consecutive month
(NewsNation) — For the third month in a row, YouTube has remained at the top of Nielsen's Media Distributor Gauge Report, beating out entertainment giants like Disney and Netflix. The April report shows that YouTube represented 12.4% of audiences' television-watching time. According to Nielsen, it was YouTube's largest share of TV to date. Disney held the second largest share all three months, the audience measurement company reported. It boasted 10.7% of total television in April, a 0.2-point gain over the month before. Paramount came in third with 8.9% of watch time in April. YouTube TV is hiking its monthly price, again. Here's what to know Deadline reported that YouTube took the lead in February with a record 11.6% of all TV viewing. It marked only the second time that YouTube finished on top since the Media Distributor Gauge Report was launched in late 2023. It was a particularly significant coup on YouTube's part since the report groups all Walt Disney Co. platforms — which include ESPN, ABC and streaming — together. Disney lost its edge in February, in part, because of the absence of NFL and college football playoffs, which boosted its numbers the month prior, Deadline reported. YouTube has for several years worked to build its viewership on TV screens, Variety reported. According to Deadline, the video platform's share of TV viewership has shot up by 53% in the span of just two years, from 7.9% in 2023 to February's 11.6%. YouTube ads will now play even when your video is paused Company CEO Neal Mohan also announced in February that for the first time in its 20-year history, the Google-owned media behemoth is getting a majority of its viewership via television sets instead of mobile devices and computer screens. Mohan wrote in his annual letter to the YouTube community that its content creators are 'becoming the startups of Hollywood.' 'Today's creators have moved from filming grainy videos of themselves on desktop computers to building studios and producing popular talk shows and feature-length films,' Mohan wrote. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
