Google’s Schmidt Reportedly Selling Off Google Stock He Owes Worth $1.5 Billion

Posted on Feb 18 2012 - 12:30pm by Editorial Staff

According to WSJ, Google’s former CEO and current Executive Chairman, Eric Schmidt is reportedly selling off the stock he owes of worth approximately $1.45 billion as part of trading plan that would cut his ownership stake in the internet giant from 2.8% to 2.1%.

Surely Schmidt’s such a move will somehow result in losing faith in Google – and as an impact he stepped down from CEO last April do had an impact on this decision, as the stock trading plan was only adopted in November last year – the search giant stock price keep rolling since from the past few years, fluctuating between approximately $500 and somewhere upward of $650 in the past year alone – even the last trading day of the week it closed at 604.64 down by 1.88 (0.31%).

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.