Google Chairman, Eric Schmidt is planning to sell almost half of his shares in the company.He is currently ranked at 138 on the Forbes global rich list. He says,"The sale would be spread out across a year so as not to impact upon the company's share price."
Schmidt owns totally 7.6 million shares.He is selling 3.2 million shares,each worth $785.37 on Friday (February 8), the former CEO's sale would be valued at £1.6bn .
Eric E. Schmidt,Executive Chairman of Google
|Eric E. Schmidt,Executive Chairman of Google|
Eric E. Schmidt joined Google in 2001 and helped the company to grow from a Silicon Valley startup to a global leader in technology.
From 2001-2011, Eric served as Google’s chief executive officer, overseeing the company’s technical and business strategy alongside founders Sergey Brin and Larry Page. Under his leadership, Google dramatically scaled its infrastructure and diversified its product offerings while maintaining a strong culture of innovation.
Prior to joining Google, Eric was the chairman and CEO of Novell and chief technology officer at Sun Microsystems, Inc. Previously, he served on the research staff at Xerox Palo Alto Research Center (PARC), Bell Laboratories and Zilog. He holds a bachelor’s degree in electrical engineering from Princeton University as well as a master’s degree and Ph.D. in computer science from the University of California, Berkeley.
Eric is a member of the President’s Council of Advisors on Science and Technology and the Prime Minister’s Advisory Council in the U.K. He was elected to the National Academy of Engineering in 2006 and inducted into the American Academy of Arts and Sciences as a fellow in 2007. He also chairs the board of the New America Foundation, and since 2008 has been a trustee of the Institute for Advanced Study in Princeton, New Jersey.