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 Google Eric 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. SchmidtDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
