back to article Eric Schmidt to unload 42% of his Google stake

Google executive chairman Eric Schmidt has announced plans to sell off nearly half of his stake in the online ad giant over the next 12 months. According to an SEC filing on Friday, Schmidt – who served as Google's CEO from 2001 to 2011 – currently owns around 7.6 million Class A and Class B shares in the company, representing …

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  1. This post has been deleted by its author

    1. GBL Initialiser

      Re: Cash cow

      I get the impression that the amount of personal wealth execs/investors have becomes a way to just keep score eventually.

  2. Magani
    Mushroom

    North Korea?

    He liked the place so much on his recent visit that he's going to make Kim Long-Grunt an offer he can't refuse?

    Icon: Google always wanted to be a nuclear power.

  3. Marketing Hack Silver badge
    Go

    Why would Schmidt do that?

    It's not like he has to pay for airfare or anything....

    http://www.theregister.co.uk/2013/02/08/google_private_airport/

  4. Anonymous Coward
    Anonymous Coward

    I just hope Google dump this nob and employ someone else.

  5. Anonymous Coward
    Anonymous Coward

    Supply and demand

    << " to reduce the effect of the sales on Google's share price." >>

    And to reduce the effect on the total proceeds of the sales of Schmidt's shares.

  6. Tom 7 Silver badge
    Pint

    That would take me

    216 years at 10 pints a day in my social club.

    Is that obscene?

    1. Anonymous Coward
      Anonymous Coward

      Re: That would take me

      > 216 years at 10 pints a day in my social club.

      Would be ~2.5 *million* USD; the amount under discussion here in 2.5 *billion* USD, or 10,000 pints per day.

      1. Tommy Gilchrist
        Pint

        Re: That would take me

        > or 10,000 pints per day.

        Nah, that's just unhealthy

        1. Anonymous Coward
          Gimp

          Re: That would take me

          Just how drunk would that be?

          Dead I suppose.

          1. Steven Roper
            Pint

            Re: Dead I suppose

            Not just dead, mate. At 10k pints per day we're talking mummified and perfectly preserved here.

      2. Tom 7 Silver badge

        Re: That would take me

        I'd done the first days spending when I typed that into the calculator 4 times (or was it two...) cos it didn’t seem long enough!

        Must go work for a bank....

  7. Anonymous Coward
    Anonymous Coward

    Billions for right-wing US thinkers

    Lets start to eliminate evolution in the United States then the world!

  8. Anonymous Coward
    Anonymous Coward

    Divorce can be a bitch...

    Wifeperson wants half the dosh.

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