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FEB 08, 2013 - SocialTimes.com

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Google’s Eric Schmidt to Unload 42 Percent of Shares

Google executive chairman Eric Schmidt plans to sell off approximately 42 percent of his shares in the company in 2013, according to a filing with the U.S. Securities and Exchange Commission. Google’s stock was at an all-time high of $785.37 as of closing time on Friday, making it a good opportunity for the company’s former chief executive to cash out while co-founders Sergey Brin and Larry Page continue to run the company. Schmidt owns approximately 7.6 million shares of Class A and Class B common stock, which account for 2.3 percent of Google’s outstanding stock and 8.2 ... Read More

Tags: Google’s Eric Schmidt to Unload 42 Percent of Shares,  Google Latest News