Google Executives Sell Off Stock - Of Course

Aug 24, 2006 • 8:53 am | comments (0) by twitter Google+ | Filed Under Google News & Finances
 

Last week, I reported over at SEW blog that Googlers Only Have Sold GOOG Stock - Cause Of Drop In Stock Price? I wrote;

"Google's top executives have offloaded about $7.4 billion of stock, equal to about a third of the company's starting market value when it sold shares at $85 each in the August 2004 IPO," says Bloomberg columnist, Mark Gilbert. Not only that, he reports "not a single Google insider has bought a single share of the company in the 18 months since the IPO lock-ups expired." Can you believe that!

Danny adds to my coverage saying he is not surprised "that over the past 18 months that neither founders Larry Page or Sergey Brin have been selling. That's because they already said in 2004 that they'd spend the next 18 months diversifying their portfolios through planned sales."

The forums began talking about it recently and they are mostly with Danny on this. Heck, if it was them, they would keep selling...

Forum discussion at DigitalPoint Forums.

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