Mike Isaac

Recent Posts by Mike Isaac

Google Chairman Eric Schmidt to Sell Up to 42 Percent of Stake

Eric Schmidt, former CEO and now Chairman of Google, plans to sell up to 3.2 million shares of his class A common stock in the company, according to an SEC filing published Friday. The amount is equal to approximately 42.1 percent of his overall stake in Google. Schmidt will sell off the shares over the coming year in a “pre-arranged trading plan,” created for a “long-term strategy of individual asset diversification and liquidity.”


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work