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 is at an all-time high, making it a good time for the company's former chief executive to cash out while co-founders Sergey Brin and Larry Page continue to run the company.
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
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