Thread: Larry Page and Sergey Brin selling 10 million Google Shares

Originally Posted by javanx3d

Nope no dividends...I'm not 100%, but don't "Think" they've ever split either...

Google has a lot of cash. According to their financial statement they have $24 billion in cash and short term investments.

Financial Statements for Google Inc. - Google Finance

Interesting to see they will go from 59 percent to 48 percent voting power, under 50 means they will have no final control? Any thoughts on this? It seems that they have gone under the 50 level so they must be desperate.

Originally Posted by DanLew.com

Interesting to see they will go from 59 percent to 48 percent voting power, under 50 means they will have no final control? Any thoughts on this? It seems that they have gone under the 50 level so they must be desperate.

Google's chief executive, Eric Schmidt, holds 10 percent voting power. So between the three, they still hold control.

In many major corporations, people holding as little as 10% are able to excercise control. At least until a hostile takeover comes along.

Bill Gates sells shares of Microsoft on a regular basis. But he owns over 700 million shares. Bill Gates net worth is estimated at $50 billion.

Insider Trading - Bill Gates - Portfolio Holdings (Majority Ownership)

They are talking about billions like we talk about dollars, it seems like they live in a very special world.

Another thing to consider is that the Bush tax cuts are set to expire in 2011.

Try get your head around this these guys hire a jet -------say cost 100,000USD (they leave their own at GHQ) they fly to Beijing nip into McDonalds downtown buy some big macs and fries - a few bucks and they fly back cost say

Interest on their money in the bank say 2 Million USD for 2 days
The Beijing Trip say 110,000 they spend another 9,000 USD plus after the big macs on bits n pieces

So Minimum Profit they make on the Trip say 1,890,000USD PROFIT ON INTEREST

The mind boggles I do not have calculator with the memory to work out the interest on the billions of dollars

UNREAL

Originally Posted by britishguy

Try get your head around this these guys hire a jet -------say cost 100,000USD (they leave their own at GHQ) they fly to Beijing nip into McDonalds downtown buy some big macs and fries - a few bucks and they fly back cost say

Interest on their money in the bank say 2 Million USD for 2 days
The Beijing Trip say 110,000 they spend another 9,000 USD plus after the big macs on bits n pieces

So Minimum Profit they make on the Trip say 1,890,000USD PROFIT ON INTEREST

The mind boggles I do not have calculator with the memory to work out the interest on the billions of dollars

UNREAL

U.S. dollar = 6.82677735 Chinese yuan

They probaby have a bijillion dollars over there. At some point the Yuan will go to 4 to the dollar and they will have 2 bijillion.

Funny thing about the coke and hamburger. Sound like Warren Buffet. He's more than happy to go out for a hamburger driving his 9 year old car. He only makes the cash, because he can. I read someone where he gave Bill Gates charity like a billion dollars.

He actually gave the Bill Gates charity around $37b.. That is a LOT of big macs.

Aus

Originally Posted by bogart

U.S. dollar = 6.82677735 Chinese yuan

They probaby have a bijillion dollars over there. At some point the Yuan will go to 4 to the dollar and they will have 2 bijillion.

Funny thing about the coke and hamburger. Sound like Warren Buffet. He's more than happy to go out for a hamburger driving his 9 year old car. He only makes the cash, because he can. I read someone where he gave Bill Gates charity like a billion dollars.

Hi,

Is this what you are talking about?

http://www.usatoday.com/news/nation/2006-06-25-buffett-charity_x.htm

Butterflies Forever

Sami

I find this interesting,

Page and Brin each currently have about $16 billion of their fortunes tied up in Google stock. By their own choice, their annual salary at Google is just $1.

clever clever.