According to this evening's article in the Washington Post, Larry Page, Sergey Brin, and Eric E. Schmidt have sold over 500 million dollars worth of Google stock within the last three months.
This amount is larger than the *total* amount of actual profit Google has made as a company since the day it was founded. I want you to think about that for a moment. Then think about it again.
Now think about it one more time: If you add up every single penny of profit Google has ever made since they opened their doors, you would have an amount SMALLER than the value of stock those three execs have sold since Jan 1st of this year.
I think Keanu in his post-modernist wisdom put it best: "Whoah."
Google is no longer in the business of search, mail, maps, open source, VoIP, or whatever their daily business rumor/announcement happens to be. On a dollar for dollar basis, Google is now nothing more than a vehicle to allow Google execs to monetize shareholder ignorance on a scale the world has never seen before- as Warren Buffett so famously put it.
Even as judged by 1999 dot.com bubble levels of avarice and raw greed, Google insiders are leaving all the previous cash-out records in the dust. As of today they've actually surpassed the reigning champion: Naveen Jain of Infospace. And that's saying a lot.
if God didn't want them slaughtered he wouldn't have made them sheep.
thanks for the money dopey!