Google has found a fan in hedge fund billionaire Julian Robertson.
Bloomberg Businessweek reported that Robertson, who is now retired but invests directly in other hedge funds through Tiger Management, says that Google has established a better leadership culture than Apple Inc.
Robertson explained that Steve Jobs, the deceased co-founder of Apple, “was a great maverick person and really couldn’t establish a great, long-term entity” while “Google people have a better way of getting things done.”
The article also said that the iPhone, which was once the biggest smartphone maker, only takes up less than 20% of the smartphone market, while Google’s Android-powered software has more than 70%.
Prior to Robertson's retirement from from active fund management in 2000, Tiger Management's assets soared to about $22 billion by mid-1998.