Google co-founder Sergey Brin has now parted with over $1 billion worth of shares in the search engine company. What a difference a year makes. In August 2004, Google went public, shepherded by CEO Eric Schmidt onto Wall Street...
reported that Sergey Brin passed the billion dollar mark in shares sold recently. Larry Page, fellow founder of the search engine, has sold about $978.4 million himself.
The various sales that take place have been enabled by automatic sales plans, which operate in compliance with the SEC's 10b5-1 rule. Sales of designated amounts of stock at set periods in time allow insiders to sell their shares without triggering concern among outside investors.
Could future sales be worth even more? Forbes has
David Utter is a staff writer for murdok covering technology and business. Email him
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