{"id":495,"date":"2006-02-15T14:05:00","date_gmt":"2006-02-15T18:05:00","guid":{"rendered":"http:\/\/geoffjon.s423.sureserver.com\/?p=495"},"modified":"2006-02-15T14:05:00","modified_gmt":"2006-02-15T18:05:00","slug":"oops-thats-5-billion-gone","status":"publish","type":"post","link":"https:\/\/newsite.geoffjones.com\/?p=495","title":{"rendered":"Oops thats $5 billion gone&#8230;&#8230;"},"content":{"rendered":"<p>John Battelle reports from  Barrons  that &#8220;<em>As Google starts to spend the $5 billion it raised through two stock offerings  in the past year and a half, its senior executives have aggressively sold  shares. Co-founders Brin and Page have each sold more than $1.5 billion of  stock. CEO Eric Schmidt sold $493 million. Omid Kordestani, senior vice  president of global sales and business development, sold $793 million, and Ram  Shriram, a director, pocketed $442 million, according to Thomson Financial.<\/p>\n<p><\/em>All very interesting especially when you read here the tricks Google are playing with their bottom line. &#8220;<em><\/em><span style=\"font-style: italic;\">But since Google calls them &#8220;GSU&#8221;s instead of &#8220;stock grants&#8221; they can claim they aren&#8217;t technically breaking FASB rules by not expensing them at the time of issuance- because the FASB rules didn&#8217;t spell out the phrase &#8220;Google Stock Unit&#8221; in its new regulations. This is important because if all those GSUs were properly expensed NOW, Google would be showing massive losses per quarter instead of a profi<\/span>t.&#8221;<\/p>\n<p>Be interesting to see how low the stock will go&#8230;.<\/p>\n<p><em><span style=\"font-size:100%;\"><\/span><br \/><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Battelle reports from Barrons that &#8220;As Google starts to spend the $5 billion it raised through two stock offerings in the past year and a half, its senior executives have aggressively sold shares. Co-founders Brin and Page have each sold more than $1.5 billion of stock. CEO Eric Schmidt sold $493 million. Omid Kordestani, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-495","post","type-post","status-publish","format-standard","hentry","category-geoff-twitter"],"_links":{"self":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts\/495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=495"}],"version-history":[{"count":0,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts\/495\/revisions"}],"wp:attachment":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}