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Google founders to cede majority voting rights in 5 years

By Jos
Jan 25, 2010
  1. Google co-founders Larry Page and Sergey Brin have announced plans to sell 10 million of their shares over the next five years to prevent a major one-time impact on the stock market. Besides earning the duo approximately $2.75 billion each, based on Friday's closing price of $550.01, the move means Page and Brin will control less than half the voting power of Google shares by the time their plans are completed.

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  2. Puiu

    Puiu TS Evangelist Posts: 1,719   +437

    Only $2.75 billion each? Pocket change!
     
  3. raybay

    raybay TS Evangelist Posts: 7,241   +9

    This news is simply SHOCKING. What were they thinking?
     
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