BUSINESS
January 25, 2011 | Associated Press
NEW YORK — Google Inc. has awarded $100 million worth of equity to Eric Schmidt, who is stepping aside as chief executive but will stay with the company as executive chairman. Google said in a regulatory filing yesterday the stock and stock options will be granted on Feb. 2 and will vest over four years. The magnitude of the award is “unusual’’ for an executive who is transitioning out of the chief executive role — and may even be unusual for sitting chief executives, said David Wise, senior principal at management consulting firm Hay Group.
BUSINESS
September 21, 2007 | Associated Press
NEW YORK - A billion dollars just doesn't go as far as it used to. For the first time, it takes more than $1 billion to earn a spot on Forbes magazine's list of the 400 richest Americans. The minimum net worth for inclusion in this year's rankings was $1.3 billion, up $300 million from last year. The new threshold meant 82 of America's billionaires didn't make the cut. Collectively, the people who made the rankings released yesterday are worth $1.54 trillion, compared with $1.25 trillion last year.
BUSINESS
October 12, 2005 | Associated Press
SAN FRANCISCO -- Google Inc. is financing its promise to make the world a better place with an initial commitment of nearly $1 billion to a philanthropic arm devoted to causes that mesh with the online search engine leader's crusade. The altruistic effort, formally disclosed yesterday under the umbrella of Google.org, follows through on a pledge that the Mountain View, Calif.-based company made last year as it prepared its ballyhooed initial public offering of stock. At the time, Google cofounders Larry Page and Sergey Brin vowed to create a company "that does good things...
BUSINESS
April 5, 2012 | Michael Liedtke, AP Technology Writer
Now that he has been Google's CEO for a year, Larry Page may be ready to tackle some of the public-relations duties that typically accompany the job. Page opened up in a way that he hasn't previously with a Thursday dispatch that shared some of his thoughts about Google's past accomplishments and future possibilities. The post appeared on the company's website for investors and Page's personal profile on Google Plus, a social networking service that has become Page's pet project as he scrambles to counter the threat posed by Facebook's growing popularity.
BUSINESS
September 23, 2005 | Associated Press
NEW YORK -- Google Inc.'s mammoth initial public offering has netted its two cofounders an interesting side benefit: an entree into the upper echelons of Forbes magazine's list of the 400 richest Americans. Bill Gates, Microsoft Corp. cofounder and chairman, was the nation's wealthiest person for the 11th straight year with a net worth of $51 billion, followed again by Berkshire Hathaway Inc. chairman and chief executive Warren Buffett, with $40 billion. Perhaps more noteworthy is the ascent of Google cofounders Sergey Brin and Larry Page, who were...
BUSINESS
November 14, 2011 | By Claire Cain Miller and Nick Bilton, New York Times
MOUNTAIN VIEW, Calif. - In a top-secret lab in an undisclosed Bay Area location where robots run free, the future is being imagined. It's a place where your refrigerator could be connected to the Internet, so it could order groceries when they ran low. Your dinner plate could post to a social network what you're eating. Your robot could go to the office while you stay home in your pajamas. And you could, perhaps, take an elevator to outer space. These are just a few of the dreams being chased at Google X, the clandestine lab where Google is tackling a list of 100...