Google’s founders to give up control

FT.com ^ | January 23 2010 | Richard Waters

[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

[HiTech RedNeck]

Get out while the getting's good. Next decade's Google may not be Google.

[a fool in paradise]

They want to advance the Leftist agenda but they have a billion dollars in the bank and want to protect it from redistribution schemes.

[Mr. K]

I saw them headed in a major direction- possibly knocking off Microsoft as the dominant operating system

[HiTech RedNeck]

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.

[HiTech RedNeck]

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.

[a fool in paradise]

Or capital gains taxes to be going onward and upward...

[Dumpster Baby]

GGLE

[La Enchiladita]

Are these the guys who paid people to campaign for Ron Paul?

[ColdOne]

I do not know who paid people to campaign for Ron Paul.