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Brin, Page, CEO Win Big In Google Stock Sale
Thanksgiving: We each have different reasons for feeling gratitude. And at November's end, 14 Google executives and directors had excellent reasons of their own--they raked in a combined $4.3 billion, by selling 18.6 million of their shares so far this year.
Brin, Page, CEO Win Big In Google Stock Sale - 4.12.05 -
According to an Associated Press report, which quoted a Thomson Financial study, the ones who took in the most were the search engine firm's co-founders, Sergey Brin and Larry Page. The duo have each gleaned nearly $1.3 billion by selling 5.3 million of their individual shares via an automated trading program, according to the AP. So does this mean the cyber-billionaires are losing faith in their firm? Hardly. The report noted that U.S. Securities and Exchange Commission records show Page and Brin still held another 33 million Google (nasdaq: GOOG - news - people ) shares--valued at more than $13 billion apiece. Some other big sellers and the amounts they made from their Google stock deals: Omid Kordestani, senior vice president of sales, got $559.6 million; Ram Shiriram, a Google director who was among the company's earliest investors, made $442.5 million; Chief Executive Eric Schmidt, a sweet $344.7 million; and David Drummond, Google's vice president of corporate development, saw $118.7 million. Wonder if their stock-sale gains went straight to Yahoo! (nasdaq: YHOO - news - people ) Shopping or eBay (nasdaq: EBAY - news - people ) on Cyber Monday? |
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