Google's Schmidt to sell roughly 42 percent of stake- a $2.51 billion windf
(Reuters) - Google Inc Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search company, a move that could potentially net the former chief executive a $2.51 billion windfall.
Schmidt, 57, will sell 3.2 million shares of Class A common stock through a stock trading plan, Google said in a filing with the U.S. Securities and Exchange Commission on Friday.
The plan, which Google said would give Schmidt "individual asset diversification and liquidity," allows Schmidt to spread trades out over a period of one year to reduce the market impact.
Shares of Google were down $4.11 at $781.26 in after-hours trading on Friday.
A Google spokeswoman would not comment on why Schmidt is selling the shares at this time.
http://news.yahoo.com/googles-schmidt-sell-roughly-42-percent-stake-005024962--sector.html
Comment
-
Comment by B or D on February 13, 2013 at 2:39pm
-
2012 United States
There were 117 court-ordered requests for a total of 3,851 items to be removed. Google complied with 40 percent of these requests.
In addition, 70 executive requests were made for 2,341 items to be taken down, 44 percent of which Google complied with.
All statistics found from Google's Transparency Report.
-
Comment by slimekiller on February 10, 2013 at 10:00pm
-
I think he is selling them to pay back the CIA who lent him the money to start google and maybe get them out of his hair. Right now they are editing google search info, so I have had to go to duck duck go and other search engines. If he doesn't get rid of them, google is going to die from the censorship.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Halloween Story No. 4 “The Curse”
Arnold Yates had spent 20 years in big city law enforcement. Ten years as a Cop and 10 years as an…See More
Rock Hudson - " Seconds " Trailer - 1966
Along "Giant" , "Seconds" remained one of Rock's favorite of his movies.The film was based on David Ely' s novel.Rock was finding himself pigeonhelded in co...
A Disturbing Pattern Happened Again... Explain This
#strange #video #strangevideos #scary #scaryvideos #creepy In this video we dig into strange, disturbing, and odd stories that sit just outside nor...
Halloween Story Number Three- “They Came from the Sky!"
Werner was from Westphalia, Germany-the Northwest Region. He had been in America for a few months…See More
🚨 THEY SILENCED HIM! Barrie Jennings' SHOCKING 9/11 Testimony… Then He MYSTERIOUSLY DIED! (RIP)
‼️ WARNING: This Story Will Make You Question Everything…Barry Jennings was a key witness to the UNEXPLAINED explosions inside WTC Building 7 on 9/11—long be...
NAZA Official Trailer | Mongrel Media
The trailer for NAZA, a new documentary from Yuval Abraham and Rachel Szor, two of the Oscar®-winning filmmakers behind NO OTHER LAND.Shot at night on the ro...
Pentagon's LifeLog vs. Facebook: Same Day Shutdown? #shorts
LifeLog, the Pentagon's ambitious data collection program, was shut down by DARPA on February 4th, 2004. Coincidentally, Facebook was registered as a busines...
The Fantasy Clown World I Wake Up to Everyday
I never could have seen this coming before I was awakened by all the BS that I became aware of…See More
Why Was the Movie “The Bedford Incident” Such a Threat?
With wars looming in the Middle East and Vladimir Putin making more threats of using nuclear…See More
Oil News ( not good )
"~ Amendment. New hope on the horizon. Quick updates. Diesel sanctions on Russia Lifted ! by…"
The Death Doll-Halloween Story Two
Retired Major Lionel Eldridge was browsing items in a bazaar of relics, antiques, and curios when…See More
TDS
"ps.. Does anyone think this mental illness is viral escaping beyond the boarders of the USA ?,…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network