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Larry Page, cofounder of Alphabet, gained $5.3 billion to bring his total wealth to $146.4 billion on Wednesday as shares of the Google parent rose toward record highs.
Larry Page and Sergey Brin are worth more than $300 billion combined thanks to their holdings of Google parent company Alphabet. Jeff Bezos and Mark Zuckerberg have relied on the performance of ...
On August 10, 2015, Google announced plans to create a new public holding company, Alphabet Inc. Google co-founder and CEO Larry Page made this announcement in a blog post on Google's official blog. [10] Alphabet was created to restructure Google by moving subsidiaries from Google to Alphabet, thus narrowing Google's scope.
During his first tenure as CEO, Page embarked on an attempt to fire all of Google's project managers in 2001. Page's plan involved all of Google's engineers reporting to a VP of engineering, who would then report directly to him—Page explained that he did not like non-engineers supervising engineers due to their limited technical knowledge. [11]
The stock price on that day in August 2004 was $85 per share, which was the low end of its expected $85-to-$95 range. That day, Google sold nearly 20 million shares, notching a valuation of just ...
The Larry Page Stock Index From January 2008 to December 2012, if you bought shares in companies when Larry Page joined the board, and sold them when he left, you would have a 2.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
He was granted 14,331,703 shares of Class B common stock at $0.30 per share and 426,892 shares of Series C preferred stock at purchase price of $2.34. [ 41 ] In 2004, Schmidt and the Google founders agreed to a base salary of US$1 (which continued through 2010) with other compensation of $557,465 in 2006, [ 42 ] $508,763 in 2008, and $243,661 ...
With stints as CEO of Google from 1997 to 2001 and 2011 to 2015, and of Alphabet until 2019, Page remains a board member and shareholder of his company, effectively controlling it alongside ...