Googles executive chairman to sell 32 million shares this year currently worth

Google’s executive chairman to sell 3.2 million shares this year, currently worth $2.5 billion by The Associated Press Posted Feb 8, 2013 5:44 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Google Executive Chairman Eric Schmidt plans to sell more than 40 per cent of his stock in the Internet search leader this year.The plan disclosed Friday calls for Schmidt to sell up to 3.2 million shares. If he were to sell all that stock at Google’s current price, Schmidt would realize a $2.5 billion windfall.Schmidt ended December with 7.6 million Google shares, or a 2.3 per cent stake in the Mountain View, Calif., company.Google co-founders Larry Page and Sergey Brin are the only company executives who own more stock than Schmidt. Page controls an 8.7 per cent stake and Brin holds an 8.5 per cent stake.The 57-year-old Schmidt was Google’s CEO for a decade before turning over the job to Page in April 2011.

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