Secret Machine
Newbie
- Oct 16, 2012
- 37
- 13
AN FRANCISCO (Reuters) - Google Inc 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.
http://finance.yahoo.com/news/googles-schmidt-sell-roughly-42-005024936.html
He isn't exactly bailing out but it is a fairly big move.....this will of course have more investors pulling out but it is hard to say what really might be going on, it might be Google themselves buying up all the stock and using this guy as a tool to persuade others into selling, though it does not seem like they are trying to make a big fuss about it.