Story image

Shock as Schmidt cashes up $335 million from Google

21 Jan 11

Current CEO of Google, Eric Schmidt, has announced that he will stand aside from the CEO position to allow co-founder Larry Page to take centre stage. Read our full report here.

He has subsequently let loose through an US SEC (Security & Exchange Commission) filing that he may sell up to $335 million of Google common stock. Read the original filing here.

According to the SEC filing he has adopted a stock trading plan involving sales of over 534,000 units of Google stock.

Schmidt’s current ownership stake is worth a whopping $5.77 billion, only eclipsed by Larry Page and Sergey Brin.

Is Schmidt loosing faith in the Google machine or just buying a summer vacation home ? Tell us in the comments below:

CERT NZ highlights rise of unauthorised access incidents
“In one case, the attacker gained access and tracked the business’s emails for at least six months. They gathered extensive knowledge of the business’s billing cycles."
Report finds GCSB in compliance with NZ rights
The Inspector-General has given the GCSB its compliance tick of approval for the fourth year in a row.
Game review: Just Cause 4 on PC
Rico Rodriguez returns to wreak over-the-top havoc for a fourth time. This time the island nation of Solís is our hero’s sandbox, ripe for destruction.
Hands-on review: Logitech G502 HERO gaming mouse
My favourite feature of the G502s is the ‘Sniper’ button, which is found on the left hand side of the device. When held, this lowers the DPI and allows you to achieve maximum accuracy whilst honing in on a kill on your favourite FPS title.
Interview: ZeniMax Online's game director talks Elder Scrolls Online
FutureFive’s Darren Price sat down with Matt Firor, ESO’s designer and now president and game director at ZeniMax Online.
IDC: Tablets stay dead, notebooks keep head above water
An IDC report predicts a soft personal PC market, slipping into further decline with the exception of notebooks, gaming PCs, and business PC upgrades.
A hands-on guide to Christmas shopping by Santa’s IT elf
Ho, ho, ho! So you’re back again for more inspiration for that hard-to-buy-for person in your life?
Govt commits $15.5m to digital identity research
“With more and more aspects of our lives taking place online it’s critical the government takes a lead to ensure New Zealanders have control of how and who uses their identity information,” says Minister Woods.