Google bosses flog their shares

SEARCH OUTFIT Google's co-founders Sergey Brin and Larry Page have been having a bit of a garage sale on the company shares lately.

According to the Washington Post, Page, Brin and the senior executives have flogged more than $500 million shares in their company in recent months.

Brin and Page have sold the most, although they have still a lot more shares in the back cupboard awaiting a rainy day.

According to filings with the Securities and Exchange Commission Brin sold 1.03 million shares of Google raising him $198.3 million. Page sold a 1.2 million shares and got $226.5 million.

Brin and Page, two of only 29 billionaires under the age of 40, were included in Forbes magazine's billionaires list this week.

Wall Street is not deeply shocked by the move, the sales have been made under preapproved selling programs designed to insulate executives from claims they are timing sales based on confidential information. Most of Brin and Page's fortune remains tied up in Google.

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