Skip to comments.Google’s founders to give up control
Posted on 01/25/2010 1:44:12 PM PST by ColdOne
Google co-founders Sergey Brin and Larry Page disclosed on Friday that they plan to give up their majority control of the internet group over the next five years.
Their planned stock sales, revealed in a filing with the Securities and Exchange Commission, will mark a highly symbolic end to their formal control over the company they founded in their Stanford University dorm room 11 years ago
(Excerpt) Read more at ft.com ...
They want to advance the Leftist agenda but they have a billion dollars in the bank and want to protect it from redistribution schemes.
I saw them headed in a major direction- possibly knocking off Microsoft as the dominant operating system
Yeah, the Chrome project, intended to pull Linux into an advertising funded cloud computing environment.
Chrome will doubtless do well, but will not be a Microsoft killer; Microsoft will doubtless skip no beats in doing the same with a Windows 7 environment. Microsoft is where the bulk of the office software is.
They would be safer in a stock position than with cash in the bank if that were the idea. Unless they see the stock about to collapse badly.
Or capital gains taxes to be going onward and upward...
Are these the guys who paid people to campaign for Ron Paul?
I do not know who paid people to campaign for Ron Paul.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.