Google Insiders Selling and Staying
Business Week explains that the stock sales by Google insiders are not causing alarm among investment analysts. The steady planned sale of insider shares is offset by Google’s great performance and retention of employees doing the selling.
Just how much have insiders made?
“The company went public, they’ve done fantastic, and now a bunch of them are getting rich.” In fact, the company’s top executives have earned more from their stock sales than the company has made in profits since it went public in August, 2004. They raked in $5.5 billion by unloading stock during the past 12 months, according to the data-monitoring service InsiderScore.com.