Via Nathan over at InsideGoogle, this AP article about insiders at Google selling shares of Goog shares titled: Google insiders cash in on company’s lofty stock price.
Kudos to AP on the great lead:
Google Inc. calls its headquarters the “Googleplex,” but it’s starting to resemble Fort Knox as new wealth has poured in from the stock sold by the company’s insiders.
As of late November, a total of 14 Google executives and directors had pocketed a combined $4.3 billion by selling 18.6 million of their shares so far this year, according to Thomson Financial.
No surprise. Sergey and Larry who have earned more than $1.3 billion
by selling 5.3 million of their individual shares in an automated trading program. Records show they still own 33 million shares.
- Omid Kordestani, Google’s senior vice president of sales, $559.6 million
- Ram Shiriram, a Google director who was among the company’s earliest investors, $442.5 million
- Eric Schmidt, Google’s CEO, $344.7 million
- David Drummond, Google’s vice president of corporate development, $118.7 million.