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 and 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 percent 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.
By Telecomlead.com Team
editor@telecomlead.com
