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Google’s Eric Schmidt to Unload 42 Percent of Shares

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Google executive chairman Eric Schmidt plans to sell off approximately 42 percent of his shares in the company in 2013, according to a filing with the U.S. Securities and Exchange Commission. Google’s stock is at an all-time high, making it a good time for the company’s former chief executive to cash out while co-founders Sergey Brin and Larry Page continue to run the company.

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