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Old 02-09-2013, 09:07 AM
Franc Tireur Franc Tireur is offline
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Schmidt to sell nearly half his Google stake

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Google Inc. /quotes/zigman/93888/quotes/nls/goog GOOG +1.48% chairman Eric Schmidt plans to sell up to $2.51 billion of his share in the company, according to a Securities and Exchange Commission filing late Friday. Schmidt owns 2.3% of Google's outstanding shares and has 8.2% of the voting power. Under the plan, Schmidt, who owns about 7.6 million shares of Google stock, plans to sell about 3.2 million shares of his Class A stock.
http://www.marketwatch.com/story/sch...ake-2013-02-08

If Schmidt sells his $2.51 billion of his share, perhaps it is time to sell, what are your thoughts?
 
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Old 02-09-2013, 09:35 AM
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ScriptMan ScriptMan is online now
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I suspect it is more related to potential tax law changes than it is to anything else.

People with huge unrealized gains may be doing that a lot this year.
 
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Old 02-09-2013, 10:37 AM
Franc Tireur Franc Tireur is offline
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Originally Posted by ScriptMan View Post
I suspect it is more related to potential tax law changes than it is to anything else.

People with huge unrealized gains may be doing that a lot this year.
Google is well known for avoiding tax with Bermuda accounts. I wouldn't surprise if all the executives own an account over there or shield their accounts with a montage of company holdings.

Google shelters profits in tax free Bermuda account, saves $2 billion
http://www.theglobaldispatch.com/goo...billion-42630/
 
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