MobileDose
Google’s Schmidt to Sell 42 Percent of Shares
February 11, 2013
In a move to diversify his investment portfolio, Google’s executive chairman Eric Schmidt could sell off as much as 42 percent of his Google stock. Based on Friday’s closing price, that would be a tidy $2.5 billion. Schmidt has acted as an international liaison for the company since stepping down as CEO in 2011 after 10 years in charge. Recently, Schmidt traveled to North Korea to meet with party officials. Greg Sterling, senior analyst for Opus Research, feels that he “wouldn't be surprised if he departs within 12 to 24 months." Wonder if there something more than diversification behind the stock dumping...