Patrick Pichette
Patrick Pichette was Senior Vice President and Chief Financial Officer of Google Inc.[1] During his time at Google, the company grew into a large multinational company but was accused of avoiding paying tens of billions of dollars of taxes on profits it would have owed through a convoluted scheme of inter-company licensing agreements and transfers to tax havens.[2]
Under Pichette's leadership, Google constructed a complicated system of offshore companies in tax havens and was transferring billions of dollars into shell companies in Bermuda.[3] In 2006 Google began using a variety of controversial tax avoidance mechanisms, particularly the Double Irish with Dutch Sandwich,[4] the Singapore Sling and Bermuda Black Hole to avoid paying tens of billions of dollars of Corporation tax.[5] These schemes reduced Google's tax payments on overseas profits from 25% to 2.4%, and the company was accused of not paying its "fair share" of tax.[6]
Biography[edit]
He holds a Bachelor of Business Administration from Université du Québec à Montréal (UQAM) (1987) and an MA in Philosophy, Politics and Economics from Pembroke College, Oxford.[1] He received a Rhodes scholarship.
Before joining Google, he worked at McKinsey & Company and Bell Canada (2001–2008). He is also on the advisory board of Engineers Without Borders (Canada),[7] having previously served for several years on the organization's board of directors, many of those as board chair.[1]
In April 2011, it was announced that Pichette would be taking over HR responsibilities within the company from Vice President Laszlo Bock.[8]
In March 2015, it was announced that he would retire.[9] He was succeeded as CFO by Ruth Porat.
Notes[edit]
- ^ a b c Bell Canada Executive Patrick Pichette to Join Google Executive Team
- ^ http://www.bbc.co.uk/news/business-31942639
- ^ http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8249384/Luke-Johnson-hits-out-at-monstrous-Google.html
- ^ http://www.theguardian.com/business/2009/dec/20/google-avoids-450m-corporation-tax
- ^ http://www.theguardian.com/technology/2009/apr/20/google-uk-tax-avoidance
- ^ http://www.bloomberg.com/bw/magazine/content/10_44/b4201043146825.htm
- ^ EWB Canada - Advisory Board. Retrieved 2011-02-04
- ^ "Google CFO to take on HR duties". HR Grapevine. 14 April 2011. Retrieved 28 October 2014.
- ^ Guyunn, Jessica (10 March 2015). "Google CFO Patrick Pichette to retire". USA Today. Retrieved 10 March 2015.
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