Google's Eric Schmidt to sell 42% of his shares over the next year.

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.

[torontosun.com...]

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)