Looks like Google executives are as smart about their stock
holdings as they are about launching new products such as Google Talk.
According to Thestreet.com, insiders have sold more than $3 billion of stock since last year's IPO. Sergey Brin and Larry Page have cashed in for $858 million and $855 million respectively - enough for them to buy search engine "rival" Looksmart Ltd., and still have $1.6 billion left over to do other things. Perhaps the luckiest person around is Google CEO Eric Schmidt,
who won the lottery when he was hired to become the company's "grey
hair" as Google prepared for its IPO. We should all be so lucky!
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Google Insiders Cashing In
by
Mark Evans
on Wed 07 Sep 2005 10:48 AM EDT | Permanent Link
Looks like Google executives are as smart about their stock
holdings as they are about launching new products such as Google Talk.
According to Thestreet.com, insiders have sold more than $3 billion of stock since last year's IPO. Sergey Brin and Larry Page have cashed in for $858 million and $855 million respectively - enough for them to buy search engine "rival" Looksmart Ltd., and still have $1.6 billion left over to do other things. Perhaps the luckiest person around is Google CEO Eric Schmidt,
who won the lottery when he was hired to become the company's "grey
hair" as Google prepared for its IPO. We should all be so lucky!
Comments
Re: Google Insiders Cashing In
by
Anonymous
on Wed 07 Sep 2005 11:45 AM EDT | Permanent Link
Or they could buy my search engine for $1 million and have 99.97% left over.
-Randy Trackbacks
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