Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday February 23, 2012

Google's Eric Schmidt Selling Up To 2.4M Shares

Need to make a quick $1.5B? Sell off a couple million shares of your Google stocks and you're good to go.

Former Google CEO Eric Schmidt plans to sell up to 2.4 million shares of stock currently worth nearly $1.5 billion. Schmidt, now Google's executive chairman, intends to stagger the sales of the stock over a one-year period. Google disclosed Schmidt's plans in a Friday regulatory filing. The company said Schmidt, 56, is trying to raise some money and diversify his investment portfolio.