Friday evening when no one was supposed to pay attention, Google announced that Executive Chairman Eric Schmidt would sell 3.2 million of his shares in 2013, after having already sold 1.8 million in 2012—suddenly dumping 53% of his Google shares, though he’d sold practically nothing from 2008 through 2011. Google’s stated reasons don’t make sense. And he isn’t alone. Other Executives are also dumping their stock in their companies. Did they get actionable information from the Fed?
Max Keiser
Financial War Reports
Can you blame him? I wouldn’t want 3.2 million shares of GOOG either.
crash coming
I am just curious about what percentage of CEO portfolios are in PMs? Do their masters cap thier gold holdings allowances? If I had $100 million, would I be allowed to invest it all in gold? At any rate, it is fun to speculate about it.
“God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and a hundred million dollars to speculate in PMs. Amen.”
Because they hear the iron curtain coming down and any US business is on the east side of it.. Capital Flight Now
Sales of such enormous volumes of stock is never a good sign. Ironically a character in Two And A Half Men asked, in it’s latest episode last week, if the Goole business model was sustainable over a 20 year period. More seriously, I think those sales area bad sign.
“they know what is what,
but they don’t know what is what,
they just strut,
what the fuck?”
Fatboy Slim – Star 69
Whenever I hear those lyrics, I always think of Tony Blair and George Bush posing in front of the cameras with those false, frozen smiles…and every politician and bankster hence…
More interesting to me is where that fresh money is going.