Google Chairman Eric Schmidt Selling $2.51 Billion of Stock

[zakislam]

Search engine giant stresses that he's committed to firm.

Google Chairman Eric Schmidt Selling $2.51 Billion of Stock : Read more

 

[rooseveltdon]

It is not that uncommon for people to give up significant stock for better liquidity, smart move on his part.

 

[stickmansam]

You may notice he is not giving up control as Class A shares have 1 vote per share while Class B shares have 10 votes per share nad he is only selling his Class A shares

 

[cats_Paw]

Well, sooner or later you want to be able to use the money you got, not just "have it"

 

[virtualban]

As long as the new shareholders don't start demanding profits at every corner, like cutting off the 20% projects, or no more youtube for free and things like that, I am alright with Google having better liquidity as rooseveltdon said.

 

[downhill911]

I just hope and pray that Google won't go Apple way, or become DELL with whiny investors.
Cuz if it happens I................I will have to move on and use Yandex.

 

[house70]

I guess he's found another island to buy.

 

[virtualban]

[citation][nom]house70[/nom]I guess he's found another island to buy.[/citation]
Google earth "hardware" project starts with that island.