Google Journal on Ulitzer

In the name of liquidity and asset diversification, Google founders Larry Page and Sergey Brin are each going to sell five million shares of Class B stock in the company over the next five years, a move that should ultimately reduce their combined voting rights from 59% to 48%. CEO Eric Schmidt still controls 10% of the vote and together with the rest of the chi-chi Class B holders Google's founders will still control the company. Dragging out the sale is supposed to lessen the impact on Google's share price. This news Friday was the second shock to the Google nervous system after the company threatened to abandon the Chinese market on account of hacking by the Chinese government.