Google's Schmidt gets option to sell a chunk of his stock

Google executive chairman Eric Schmidt may end up selling 42 percent of his shares in the company under a new stock trading plan designed to diversify his investment portfolio. IDGNSEric Schmidt, chairman of Google Schmidt owned approximately 7.6 million shares of class A and class B common stock as of December 31, 2012, but in November he adopted a trading plan giving him the option to sell up to 3.2 million shares of class A common stock. That plan became active this month, the company announc...