The majority of Page's fortune is held in Google, the publicly traded search engine company he co-founded with Sergey Brin in 1998. Page is the company's CEO, a title he claimed from billionaire Eric Schmidt in 2011. Together, Brin and Page own about 16 percent of the company. Page has sold more than $3.5 billion of Google stock since 2004.
More than 330 million new shares of Google Inc. landed in the U.S. equity market today, completing a two-year process through which Sergey Brin and Larry Page are cementing control of the world’s third-biggest company.
The following timeline details Eric Schmidt ’s tenure as Google Inc. ’s chief executive officer from 2001 to 2011. The company announced yesterday that Schmidt will become executive chairman, ceding the CEO position to co-founder Larry Page .
A business owned and controlled by Paul G. Allen, who co-founded Microsoft Corp., sued 11 companies including Google Inc., Apple Inc. and EBay Inc., saying they infringed patents on Web-based technology.
Google Inc., operator of the world’s largest Internet search engine, settled a lawsuit on the brink of trial over a plan for a stock split that shareholders claimed would unfairly allow founders Larry Page and Sergey Brin to strengthen their corporate control.
The mathematical insight that turned Google Inc. into a multibillion-dollar company has the potential to help the world avert the next financial crisis. If only banks made public the data required to do the job.