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Google Inc's Executive Chairman To Sell Roughly 42% Of Stake-Reuters

Saturday, 9 Feb 2013 07:49pm EST 

Reuters reported that Google Inc's Executive Chairman Eric Schmidt is selling roughly 42% of his stake in the Internet search company, a move that could potentially net the former Chief Executive a $2.51 billion windfall. Schmidt will sell 3.2 million shares of Class A common stock through a stock trading plan, Google said in a filing with the U.S. Securities and Exchange Commission. A Google spokeswoman would not comment on why Schmidt is selling the shares at this time. 

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