Google's Schmidt to Sell Roughly 42% of Stake - GoFuckYourself.com

Heath · 02-11-2013, 09:50 AM

http://www.cnbc.com/id/100448106

Quote:

Google Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search company, a move that could potentially net the former chief executive a $2.51 billion windfall.

Schmidt, 57, will sell 3.2 million shares of Class A common stock through a stock trading plan, Google said in a filing with the U.S. Securities and Exchange Commission on Friday.

The plan, which Google said would give Schmidt "individual asset diversification and liquidity," allows Schmidt to spread trades out over a period of one year to reduce the market impact.

Shares of Google were down $4.11 at $781.26 in after-hours trading on Friday.

A Google spokeswoman would not comment on why Schmidt is selling the shares at this time.

Wedbush Securities analyst James Dix said Schmidt's stock sales did not worry him or signal a loss of confidence in the company by Schmidt.

"I'd be more worried if the current CEO or CFO sold a lot of their stake," said Dix.

Schmidt, who served as Google's chief executive until 2011, currently owns roughly 7.6 million shares of Class A and Class B common stock. The shares represent 2.3 percent of Google's outstanding stock and roughly 8.2 percent of the voting power of Google's stock.

The fact that Schmidt will still own a significant amount of shares after the sales means he'll have a good deal of "skin in the Google game," said Needham & Co analyst Kerry Rice. But he said it could hint at Schmidt playing a less central role within the company going forward.

"My speculation is that Eric's relationship with Google is evolving," said Rice. "I would assume that as he decides he wants to diversify away from Google - both his career and financially - he's got ideas of what he would like to do with some of his funds."

bronco67 · 02-11-2013, 09:53 AM

If I had 2.5 billion dollars I'd buy a large piece of property and an NFL cheerleading squad to gangbang me every morning when I wake up. This is what you're supposed to do with that kind of money. It hurts to think that most people with a billion dollars won't invest it properly.

privatesociety · 02-11-2013, 09:57 AM

fair play to him!

~Ray · 02-11-2013, 10:00 AM

good for him.

DWB · 02-11-2013, 10:12 AM

Any relation to Manwin releasing this press release today about them acquiring a massive stake in a mainstream company?

Heath · 02-12-2013, 10:32 AM

This still makes me wonder if this has anything to do with whatever he went to North Korea for, perhaps he's leaving to pursue a political career.

Vapid - BANNED FOR LIFE · 02-12-2013, 11:06 AM

Perhaps he is purchasing North Korea?

purecane · 02-12-2013, 11:08 AM

Quote:

Originally Posted by bronco67

If I had 2.5 billion dollars I'd buy a large piece of property and an NFL cheerleading squad to gangbang me every morning when I wake up. This is what you're supposed to do with that kind of money. It hurts to think that most people with a billion dollars won't invest it properly.

and that's just a cash out, he still owns more.......the Dolphins cheerleaders, every fucking day!!!!!

i like your style

bronco67 · 02-12-2013, 01:34 PM

Quote:

Originally Posted by purecane73

and that's just a cash out, he still owns more.......the Dolphins cheerleaders, every fucking day!!!!!

i like your style

they couldn't all be bought, but I'll bet some would go for it.

lucas131 · 02-12-2013, 02:03 PM

and people says there is no money in porn

georgeyw · 02-12-2013, 02:37 PM

Quote:

Originally Posted by DWB

Any relation to Manwin releasing this press release today about them acquiring a massive stake in a mainstream company?

Fark me 66million? How did they manage to get that together?

NALEM · 02-12-2013, 04:26 PM

Quote:

Originally Posted by DWB

Any relation to Manwin releasing this press release today about them acquiring a massive stake in a mainstream company?

I just got Rick Roll'd

2013 · 02-12-2013, 04:31 PM

Quote:

Originally Posted by NALEM

I just got Rick Roll'd

Your whole campaign has been one big shitty rick roll

Heath · 02-13-2013, 01:08 PM

Quote:

Originally Posted by 2013

Your whole campaign has been one big shitty rick roll

ahahahaahahahaha

02-11-2013, 09:53 AM	#2
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	If I had 2.5 billion dollars I'd buy a large piece of property and an NFL cheerleading squad to gangbang me every morning when I wake up. This is what you're supposed to do with that kind of money. It hurts to think that most people with a billion dollars won't invest it properly. __________________ Last edited by bronco67; 02-11-2013 at 09:55 AM..

02-11-2013, 09:57 AM	#3
privatesociety Confirmed User Industry Role: Join Date: Jan 2013 Posts: 567	fair play to him! __________________ CURRENTLY CONVERTING AT 1:55, TRY US! We film real people doing what they do best... Your friends and neighbors having sex for all the world to see. PROMOTE PRIVATE SOCIETY AND MAKE $$$ 1:55 CONVERSION RATE ICQ: 658501707 Email: [email protected]

02-11-2013, 10:00 AM	#4
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	good for him. __________________ Adult Backlinks for Adult Websites - Testimonials Available

02-12-2013, 10:32 AM	#6
Heath Confirmed User Join Date: Sep 2008 Posts: 491	This still makes me wonder if this has anything to do with whatever he went to North Korea for, perhaps he's leaving to pursue a political career. __________________ Email - popuplace [at] yahoo [dot] com

02-12-2013, 11:06 AM	#7
Vapid - BANNED FOR LIFE Barterer Industry Role: Join Date: Aug 2004 Posts: 4,864	Perhaps he is purchasing North Korea? Last edited by Vapid - BANNED FOR LIFE; 02-12-2013 at 11:08 AM..

02-11-2013, 10:12 AM	#5
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Any relation to Manwin releasing this press release today about them acquiring a massive stake in a mainstream company?

02-12-2013, 02:03 PM	#10
lucas131 ¯\_(ツ)_/¯ Industry Role: Join Date: Aug 2004 Posts: 11,475	and people says there is no money in porn