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%).
