Eric Schmidt Reduces His Stake In Google

Former Google CEO Eric Schmidt, who now goes by the title Executive Chairman, is reportedly reducing his stake in the company from 2.8% to 2.1% by selling $1.45 billion in stock as part of a trading plan adopted in November.

This is according to the Wall Street Journal, which cites a regulatory filing, and says the plan calls for Schmidt to sell up to 2.4 million of his 9.1 million shares. The plan, the Journal reports, enables him to spread stock trades over a one-year period to reduce market impact.

Schmidt was said to have been granted 14,331,703 shares of class B common stock at 30 cents per share, and 426,892 shares of Series C preferred stock at purchase price of $2.34 when he joined the company.

In 2004, he agreed to a base salary of $1, which continued through 2010 – not unlike what Mark Zuckerberg is doing. Schmidt is said to be only one of the few people who became billionaires (in U.S. dollars) based on stock options received as an employee for a company in which he was not a founder or related to a founder.

In last year’s Forbes ‘World’s Billionaires’ list, Schmidt was ranked the 136th richest person in the world at $7 billion.He reportedly got $100 million as he stepped down from the CEO position.

There are 6 Comments. Add Yours.

Peter Cao
February 18, 2012 at 8:11 am

I brought the case to the public because as a human being, anyone has the responsibility to crack down such a murder case which includes killing the innocent;

Anyway, Eric Schmidt and Sebastian Thrun are not clear in Stanford Student May Zhou’s death, as well as their unsucessful conspiracies on my life at later time, and neither Eric Schmidt nor Sebastian Thrun dare publicly deny his involvment into such crimes. But without clarification of this case, the criminal suspect side had committed more and more retaliatory crimes on victims, and they could resolve problems by killing again. Can anyone deny this fact?

What’s their problem? I bet that’s because they are afraid of facing lawful responsibilities once they deny such accusations
Peter Cao
February 18, 2012 at 8:10 am

Eric Schmidt had threatened my life with the death of Stanford student May Zhou during his fight with Stanford. Eric Schmidt is part of this plot in May Zhou’s death. He had also conspired my life at a later time, and which had cost his Google CEO position.

Proof of real names, dates, photos along with a police case number are listed in my blog link [ http://tysurl.com/BsEnQ4 ].

It started from a 2004 Stanford campus assault case, in which a lady named Gabriele Scheler bitterly assaulted me; Police concluded that I am a victim while Scheler is a criminal suspect after serious investigation; However Sebastian Thrun later joined Scheler to false accuse me at Stanford, and Eric Schmidt had joined them to support Sebastian Thrun and Gabriele Scheler against ruling from Stanford and police. During their tough fight with Stanford in the early 2007, Eric Schmidt and Sebasitan Thrun’s side had murderred May Zhou to threaten me, by telling me: “You see May Zhou, she’s an Asian (me too an Asian), … Police might not even find out who did it, what if it happened to you?” , and to terrorize Stanford (because May Zhou is Stanford student), and they did plot a murder on me as well last year when they found I would not compromise but insist on clarifying their crimes

Before these cases could be clarified to the public and criminals concurred at authorities, Eric Schmidt is not innocent in these anti-humanity crimes.
Peter Cao
February 18, 2012 at 8:09 am

Eric, be honest, on what purpose would you periodically show off your money power, political power and celebrity power?

We know your name has powerful impact in human society, but how could you stand your fame without completely clarifiying those accusations listed above? Can you deny any one of them?
Martyn Laker
February 18, 2012 at 8:08 am

Reducing it to 2.1% and getting $1.45 billion? amazing!
- Steve G
  February 18, 2012 at 8:19 pm
  
  Don’t forget that he’s spreading out the sale of the stock over the course of a year. So he could end up with closer to 2 billion when all the stock he intends to sell is sold off, depending on the price of the stock at the time it’s sold off. It really makes you wonder why he’s doing that.
- Kamaeni
  February 19, 2012 at 7:28 am
  
  Considerable value, I like to hearing