Home > slashdot > Larry & Sergey To Cash In $5.5B of Google Chips

Larry & Sergey To Cash In $5.5B of Google Chips

January 23rd, 2010 01:21 admin Leave a comment Go to comments

theodp writes “According to an SEC filing, Google founders Larry Page and Sergey Brin have adopted five-year trading plans to sell about 5M shares each, which would yield each about $2.75B based on Friday’s closing stock price of $550.01. BTW, Google kicks in 12 cents to Social Security and another 2 cents to Medicare on its founders’ celebrated $1 annual salaries.” After this stock is sold, the founders will hold less than 50% of the voting shares and thus will give up voting control of Google.

Source: Larry & Sergey To Cash In $5.5B of Google Chips

Related Articles:

  1. Google Wants To Find The Next Larry Or Sergey With Online Science Fair
  2. Larry Page and Sergey Brin Are Lousy Coders
  3. TechCrunch Interview With Eric Schmidt, Larry Page And Sergey Brin
  4. Sergey Brin Demos Google Glasses Prototype
  5. Sergey Brin Demos Google Glasses Prototype
blog comments powered by Disqus
YOYOYOOYOYOYO