The executive chairman of Google, Eric Schmidt is all of a sudden sellng 42% of his shares of stock. The sell will be worth $2.5 billion.
This is coming ahead of Obama's Executive Order he is set to sign tomorrow 2/13/13 that will be a "Cyber Security Bill." Of course we all know, it is not about security it is about control of the internet.
Google‘s Executive Chairman Eric Schmidtis set to unload a sizable chunk of his Google holdings, according to a regulatory filing.
An 8-K filed with the SEC Friday indicates that Schmidt, who previously served as Google’s chief executive, will sell up to 3.2 million shares — he owns 7.6 million — a stake worth slightly more than $2.5 billion at Friday’s closing price of $785.37.
Watch for any other internet company executives selling a lot of their stocks too.
You just have to wonder if they know something we do not.