Google chiefs stock fortunes plummet on share drops

Google co-founders Sergey Brin and Larry Page and company CEO Eric Schmidt again took home their annual salary of USD1 for 2007 but their multi-billion fortunes in Google stock have been damaged by severe drops in the companys share prices, according to regulatory filings. As of February this year, Brin owned 28.6m shares while Page owned 29.1m, both in Class B common stock.

At peak share price last November, each founders stock was worth over USD21bn.

With current stock trading at USD450.78, Page and Brin are now believed to have around USD13bn in shares. Schmidts 9.5m shares are now believed to be worth USD4.3bn, down from USD7.3bn in November.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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