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

Saturday February 09, 2013

Eric Schmidt to Sell 42 Percent of Google Holdings

Former Google CEO Eric Schmidt has filed with the Securities and Exchange Commission to sell off approximately 3.2 million shares of Google stock over a one year period. The sale is estimated to be worth around $2.5 Billion dollars to Schmidt. It was reported that Schmidt may be in negotiations to buy North Korea after his recent visit. big grin

Given Schmidt's changed role at the company and the amount of his wealth tied up in Google's stock, it was not unreasonable for him to diversify his holdings, said Wedbush Securities analyst Dix.