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

Posted by kdawson on from the no-longer-stopping-to-pick-up-pennies dept.

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.

1 of 339 comments (clear)

  1. Escape before they go Enron crazy! by smith6174 · · Score: 1, Troll

    You know, unless they actually believe Google is about to fall apart, they wouldn't be selling. They are in a position to know whether or not Google really is the awesome and profitable machine everyone thinks it is. 6.4 billion in ad revenue in the latest reported quarter, almost 66% of it from Adwords on Google sites. Do you really think that many people use pay-per-click every three months? The Google story has "too good to be true" written all over it. I wouldn't be surprised if there is some serious money laundering going on.