Schmidt Sells SharesBy Reuters | Posted 2011-01-24 Email Print
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Google's CEO Erick Schmidt will be getting a $100 million equity award as he leaves the CEO post at the search giant.
In a regulatory filing last week, Google said that Schmidt in December drew up a plan to sell some of his stock in the company.
"The pre-arranged trading plan was adopted in order to allow Eric to sell a portion of his Google stock as part of his long-term strategy for individual asset diversification and liquidity," the filing said.
(Reporting by Clare Baldwin; Editing by Bernard Orr)