socialsecurity.gov · Domains

Domain: socialsecurity.gov

Stories and comments across the archive that link to socialsecurity.gov.

Larry & Sergey To Cash In $5.5B of Google Chips

News · Google_Fb · 2010-01-23 08:21 · posted by kdawson · from the no-longer-stopping-to-pick-up-pennies dept. · 339 comments

theodp writes "According to an SEC filing, Google founders Larry Page and Sergey Brin have adopted five-year trading plans to sell about 5M shares each, which would yield each about $2.75B based on Friday's closing stock price of $550.01. BTW, Google kicks in 12 cents to Social Security and another 2 cents to Medicare on its founders' celebrated $1 annual salaries." After this stock is sold, the founders will hold less than 50% of the voting shares and thus will give up voting control of Google.