Inveterate dabbler in business, travel, gadgets & life
John Battelle reports from Barrons that “As Google starts to spend the $5 billion it raised through two stock offerings in the past year and a half, its senior executives have aggressively sold shares. Co-founders Brin and Page have each sold more than $1.5 billion of stock. CEO Eric Schmidt sold $493 million. Omid Kordestani, senior vice president of global sales and business development, sold $793 million, and Ram Shriram, a director, pocketed $442 million, according to Thomson Financial.
All very interesting especially when you read here the tricks Google are playing with their bottom line. “But since Google calls them “GSU”s instead of “stock grants” they can claim they aren’t technically breaking FASB rules by not expensing them at the time of issuance- because the FASB rules didn’t spell out the phrase “Google Stock Unit” in its new regulations. This is important because if all those GSUs were properly expensed NOW, Google would be showing massive losses per quarter instead of a profit.”
Be interesting to see how low the stock will go….
Robert Scoble suggested, as an experiment we should all blog the expression brrreeeport to see how it travels around the world on on this technorati page.
I guess it all fits in well with what Samuel Blanning of Southampton mentioned in The Times letter page “apart from its penchant for nauseating neologisms, such as “blogosphere” — is that, rather like academia, it is an incestuous community consisting mainly of people reading each other’s work, with success judged on how many links you can get to your site from people who are just as boring as you.”
Thanks to Ellee for emailing me The Times story.
Well done to Anglian Water. Woke up this morning to find that when flushing the toilet the water backed right up the bowl. Ah I thought the pesky drain blocked again (at one time it was always getting blocked) so I took my trusty rods to the end of my drain (we share it with our two neighbours) No luck although the manhole was getting full so it was definitly an AW problem. After some searching I found the number to call 08457 145 145 explained the problem emphazing the toilets couldnt be used. One hour later the Anglian Water men turn up – incredibly polite and very knowledgable as well. They couldnt unblock it. So they looked in the street – Yep the whole street is backed up. Eventually they found the problem in the main drain at Hills road Coronation street junction so in fact a huge part of the south of Cambridge was affected and the amazing thing is that I was the only complaint they had. Even though a huge area of Cambridge was affected……
