Eric Schmidt Sell Shares Worth USD 335 Million

Having stepped down from his position as Chief Executive Officer of Google, Eric Schmidt at the Internet giant to sell its shares were valued at USD 335 million.

In a filing to the Securities and Exchange Commission (SEC), Schmidt said he sold about 534 thousand shares of Google Class A property.

Reported by the Business Review and quoted on Saturday (22/01/2011), after selling his majority stake, he still has a 2.7 percent stake in Google and holds about 9.1 percent of the voting power of the company thanks to Google's class B shares Current shareholding Schmidt on Google is worth around USD 5.77 billion.

Schmidt was soon officially release Google's reign as CEO in April. His replacement, not a stranger to Google, which is none other than Google itself one of the founders, Larry Page.