Sgt_Kickaxe - 4:27 am on Feb 9, 2013 (gmt 0)
Eric Schmidt is cashing out almost half of his holdings of Google shares, both class A and class B, over the next 12 months. The sale, at today's closing price, would earn him 2.5 Billion dollars.
Schmidt, who served as Google's Chief Executive until 2011, currently owns roughly 7.6 million shares of Class A and Class B common stock. The shares represent 2.3% of Google's outstanding stock and roughly 8.2% of the voting power of Google's stock.
Wow, his trip to Korea must have made quite an impression on him. (just teasing, but it might have)