18.02.2012 19:05 Uhr, Quelle: MacNN

Google chairman sells up to $1.45b in stock to diversify

Google through an SEC filing on Friday revealed that its chairman Eric Schmidt intended to sell a large if minority portion of his stock. The plan would see him sell as much as 2.4 million of 9.1 million total shares, which at the $604.64 closing price would net slightly over $1.45 billion. The swap will leave him with about 6.7 million shares, or enough to still represent 2.1 percent of Google's entire share base and 7.3 percent of the voting power.

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