Google founders Larry Page and Sergey Brin have filed plans with the SEC to sell five million shares of Google stock each over the next five years. The sale will bring the pair’s ownership of Google down to 48%, slightly less than majority control.
Not to worry as CEO Eric Schmidt still owns 10%, keeping the trio well in charge of the goings on at the Mountain View-based company.
Google has a dual-class stock structure. Execs get 10 votes per share of Class B stock, but when they are sold, they become Class A stock with just one vote per share.
Currently, Page and Brin own a combined 57.7 million shares of GOOG.
via New York Times
Related reading
What’s next for Adblock Plus and its Acceptable Ads Platform?
Adblock Plus made a major announcement last week that it would create its own RTB platform and get into the ad business.
Are your emails personal enough?
When it comes to email content, we know that data is key to ensuring messages are relevant and engaging for those who are receiving them.
Nine ways brands can improve emotional connections with customers
It’s not easy to convince a customer nowadays to trust your company over another, but the right emotional connection may lead to ... read more
Coalition for Better Ads to make digital ads great again
A new organization, The Coalition for Better Ads, has been launched to "leverage consumer insights and cross-industry expertise to develop and implement new global standards for online advertising that address consumer expectations."
