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>> ERIC E. SCHMIDT Latest News

FEB 08, 2013 - Business Insider

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Eric Schmidt Plans To Sell 42 Percent Of His Stake In Google (GOOG)

Google chairman Eric Schmidt plans to sell just under half his stake in the company, according to documents filed with the Securities and Exchange Commission filing late Friday. Schmidt owns 7.6 million shares of Google stock and plans to sell about 3.2 million shares of those shares over time, through a series of planned transactions. At today's share price of $785, that would put about $2.5 billion in his pocket, though obviously Schmidt's actual proceeds will vary. Schmidt currently owns 2.3% of Google's outstanding shares and has 8.2% of the voting power. That's because he owns both ... Read More

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