Google top brass offload shares worth $1 bn
Key Google executives have sold more than a billion dollars worth of shares in 2011. And it has been only twenty days since the new year has begun. The Google guys are half a billion dollars richer. They are also planning to get wealthier.
January 21, 2011 / 17:36 IST
Key Google executives have sold more than a billion dollars worth of shares in 2011. And it has been only twenty days since the new year has begun. The Google guys are half a billion dollars richer. Each. They are also planning to get wealthier.
According to filings with the SEC, Larry Page and Sergey Brin sold off shares worth $51.28 million, and $50.26 million respectively in the first two weeks of January. Others like John Doerr of Kleiner Perkins Caufield & Byers, a Google board member since May 1999, also followed suit. However, his cash-in was a measly $16.68 million. Insider filings have to be filed periodically with the SEC.Schmidt selling 0.2% of his stake in GoogleEric Schmidt (and he is not the only one) intends to sell approximately 534,000 shares of Class A common stock in Google, according to a Form 8-K Google filed with the SEC in Washington D.C. Form 8-K includes results of operational and financial results, among other things, pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.Schmidt
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