Google's Schmidt To Sell Roughly 42 Percent Of Stake
Google Inc ExecutiveChairman Eric Schmidt isselling roughly 42 ...More
Google Inc ExecutiveChairman Eric Schmidt isselling roughly 42percent of his stake inthe Internet searchcompany, a move thatcould potentially net theformer chief executive a$2.51 billionwindfall.
Schmidt, 57,will sell 3.2 millionshares of Class A commonstock through a stocktrading plan, Google saidin a filing with the U.S.Securities and ExchangeCommission on Friday.
Theplan, which Google saidwould give Schmidt"individual assetdiversification andliquidity," allows S Less
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 S