Google Inc. has filed a Form 8-K with the SEC that Eric Schmidt, Google’s Executive Chairman of the Board of Directors, as part of a pre-arranged trading plan, intends to sell up to approximately 2.4 million shares of Class A common stock in Google Inc.
Google (GOOG) closed today at $604.64, at which price, Schmidt’s 2.4 million shares are worth over $1.45 billion
Assuming all shares are sold under the trading plan, Schmidt would own approximately 6.7 million shares, which would represent approximately 2.1% of Google’s outstanding capital stock and approximately 7.3% of the voting power of Google’s outstanding capital stock.
As of December 31, 2011, Schmidt owned approximately 9.1 million shares of Class A and Class B common stock, which represented approximately 2.8% of Google’s outstanding capital stock and approximately 9.7% of the voting power of Google’s outstanding capital stock.
MacDailyNews Take: Has Eric T. Mole seen some writing on the tunnel wall?
One thing’s for sure, $1.45 billion can support quite the subterranean lifestyle.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]
All this Google Evil is getting a little too hot for you, eh Mr. Mole? I bet that Google trick that hacked Safari cookies was what tipped the balance. Do you agree Mr. Mole?
Google short of money to purchase Motorola mobility. Mr. E has to find a way to get more cash so he can get Motorola.
Daddy needs a new pink cowboy hat.
+∞!
And the crook rides into the sunset with his pink cowboy hat and his illegal billions of loot.
A true American success story.
Hey! How can you say that. He’s a real “Job Creator”!
Did you mean “Jobs Copier”?
I think a lot of us are sick of the blatant hypocrisy behind that catch phrase ‘Job Creator’. It’s just more of the same old ‘supply side economics’ abuse of the citizenry, aka ‘tinkle down economics’ aka Feed The Rich, Kill The Poor.
Customer abuse / Citizen abuse: It’s The Spirit Of The Age.
I find the phrase amusing in one sense. And tragic in another. It’s tragic that so many intelligent seeming folks accept it as reality and not the surreal bullshit it is.
Better cash in now, before the Android bubble bursts!
Between Oracle on one side, and the patent stuff on the other, looks like the Mole’s gettin’ out while the gettin’s good.
Who says crime doen’t pay?
The words Rat, Sinking and Ship come to mind.
Is Erik T Mole Italian? Google sails the warm Mediterranean…
Abandon Ship! except no one leaves Google but him… lol
Eric T. Mole – the UnderMiner.
Well Eric being a ‘rat’ obviously does pay! Having the instincts of a rat also makes you well prepared to abandon the next sinking ship … enjoy your spoils, but remember you have no ones self respect except what’s left of your own.
He is buying more AAPL 🙂
That would amusing…and quite the tell.
Why sell at all: who knows?
Why now? A graph of the GOOG stock price for last 2 years reveals peaks in March falling over 30% to troughs in July. So (all things being equal) there’s 500 million more to be made now than in a few months time.
Last guy to make that much for so little merit was steve ballmer.
Wonder if he thinks that will be enough to get his integrity back?
That would imply that he actually had some at one point. I don’t think so.
agree with all!!
He’s creating a PAC to help reelect that other loser, Obama. Jeez, guys, read the news beyond the Apple world.
Let’s hold all this political winner/loser stuff until November 7th.
Is an arsonist leaving the building first?
Considering everything going on with Google Evil, we may be in for ‘The Perfect Storm’, and we get to watch…
http://www.dailymail.co.uk/news/article-2105394/Google-chief-Eric-Schmidt-selling-1-5billion-Google-shares-divorce-wife-lengthy-extramarital-affair.html
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