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SAN FRANCISCO (AP) - Google Inc. co-founders Larry Page and Sergey Brin each own nearly 16 percent of the Internet search engine leader that they launched nearly six years ago - stakes expected be worth at least $3 billion apiece after the company's initial public offering of stock.
Other Google insiders in line for a major windfall include the company's CEO, Eric Schmidt, with a 6 percent stake; board member K. Ram Shriram, with a 2.2 percent stake; and the company's senior vice president of worldwide sales and field operations, Omid Kordestani, with a 1.9 percent stake.
Lucky Fellas! - That ram shriram guy bought the 2.2% with a paltry 300k investment , hmm :)
and the company's senior vice president of worldwide sales and field operations, Omid Kordestani, with a 1.9 percent stake.
Had the pleasure of meeting Mr. Kordestani at last years Google Xmas party. What a down to earth kinda guy.
He actually took his Digital Camera out and had a shot taken with a few WebmasterWorld members. (better drop an email to get a signed copy of that then)
To cash out with a collective starting position of 32% doesn't sound like a good decision to me!
So even at 16%
So owning 16% of that class gives a huge majority
In fact - as long as they (they 10x times share holders) own 9.5% of the company - they still have control.
mm. As long as their combined share is more than 9.09% (together, now that they have ~32%), assuming no one else is offered Class A stock, they would have the veto.