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Google's Brin & Page Tap Into Their $2.75b Emergency Fund 
By: Andy Beal 2010-01-25 What do you do when the economy is in the tank and youre only making $1 a year in salary? Well, if youre Googles Sergey Brin or Larry Page, you dump 15% of... ...your company and pocket a cool $2.75 billion"each! How does that compare to your emergency fund? As many places are reporting, Brin & Page arent exactly dumping their shares on the market. Its all part of a quite common practice by majority shareholders: "Under the trading plan, the co-founders would reduce their combined holdings in Google from about 57.7 million common shares, or approximately 18% of outstanding capital stock, to 47.7 million shares, or about 15% of the company, according to the U.S. Securities and Exchange filing. Under the stock trading plan, adopted on Nov. 30, 2009, the two would also reduce their combined voting shares from 59% to about 48%, the filing said' Of course, the conspiracy theorists will wonder why this was put in place in November, but only announced two months later"but that takes us down a rabbit-hole thats full of speculation. Comments Tag: Google Add to  Del.icio.us |  Digg |  Reddit |  Furl Have a bookmark! -  About the Author: Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com. |
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