Larry & Sergey To Cash In $5.5B of Google Chips 339
theodp writes "According to an SEC filing, Google founders Larry Page and Sergey Brin have adopted five-year trading plans to sell about 5M shares each, which would yield each about $2.75B based on Friday's closing stock price of $550.01. BTW, Google kicks in 12 cents to Social Security and another 2 cents to Medicare on its founders' celebrated $1 annual salaries." After this stock is sold, the founders will hold less than 50% of the voting shares and thus will give up voting control of Google.
Major Cash Flow!!! (Score:4, Funny)
I think China should buy all these shares, then they wouldn't need to hack anything!
Holy crap! (Score:4, Funny)
They're liquidating their assets and moving to their moonbase!
Re:Why do I care about Google contributing to SS? (Score:1, Funny)
Why does it matter if the founders are contributing to SS? They're hardly going to need to draw on it, so everyone else can continue paying in and later drawing out their money. Oh wait, that isn't how SS works? Drat.
Man, I had no idea what SS stood for in this context. I instantly thought of Schutzstaffeln.
Re:BFD (Score:5, Funny)
I bet the Chinese Government are buying those shares (and the voting rights attached to them) as fast as they can. People said Larry and Sergei were crazy pissing them off but maybe it's all part of the plan.
That's just paranoia! This is what is really happening...
As they sell their shares, other mutual funds and pension funds will buy the stock as "investments" - those mutual funds and pensions won't be really well known. It'll be something like the Virginia Government Employee Retirement Fund or what have you. Now, those funds would be managed by a company that's called, the Center Investing Authority - let's say. Now that company is actually a shell company based in the Cayman Islands. Their agents in the Caymans would be Guido Catelloni, Fettuccine Alfredo and Jose Paco Horowitz. Of course, it's really a ruse. Since the true owners are in Iceland. So, you have Igottafatdottir as being the power behind the Cayman name, Now, you'd think that that money was stolen from the current Icelandic financial crisis. Nope! the money actually came from Italy. You see the Cayman Island guys are actually the real guys BUT they're Jesuit priests! That's right! The Catholic Church is buying up Google and pinning it on the Chinese. Why is the Catholics buying Google? Why to launder all that treasure from the Crusades!
See, you're theory is just too far fetched, as for mine, well, there's a couple of millennia of history to back it up.
Re:BFD (Score:4, Funny)
Dan Brown posts to slashdot!?
I gotta admit that was a compelling little narrative.
Re:They will still control Google (Score:1, Funny)
More likely they just want some money. Bill Gates did the same thing when he started his charitable organization, so maybe they are planning on starting a charity. Or maybe they want to buy some islands somewhere. Or a small country.
Haiti?
Re:BFD (Score:3, Funny)
"by Anonymous Coward" is an anagram for "Dan Brown yoyoma suc"
just saying