Thursday, 31 December 2015

Larry Page or Sergey Brin ?

 

                Who has higher rank in Google ?

Larry Page has 23,320,246 of Class B and Class C stock each, while Sergey Brin has 75,000 of Class A, 22,743,612 of Class B and 22,818,612 of Class C stock . From both a pure stock ownership perspective and from a voting rights perspective (Class B stock carries 10 votes, Class A carries 1 vote and Class C has no voting rights ),Larry Page has more ownership

Larry Page was also the CEO after having taken over the role from Eric Schmidt on April 4, 2011 at the same time Sergey Brin focused only on strategic projects and new products . Some companies have co-CEOs, and in this case, Google does not.

For the curious, historically, Larry Page always had more ownership. According to page 102 of their amended S-1 filed in 2004 , Larry Page owned 38,593,200 shares (or 16.0%) of Google while Sergey Brin owned 38,489,408 (or 15.9%) prior to their June 2004 offering. After that, their ownership drops to 38,110,785 (or 16.0%) and 38,007,935 (also 16.0%) respectively.

And according to page 87 of the same amended S-1 , while both Larry Page and Sergey Brin were co-founders and on the board of directors, Larry Page was the then-CEO from September 1998 to July 2001.

On the above detail  Larry Page has higher rank in Google Inc.

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