Google stock split helps Page, Brin maintain grip

SAN FRANCISCO (Reuters) - Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the world's No.

By Mel Daris:A few weeks ago, Google (GOOG) announced a stock split that took everyone by surprise. The split was designed to facilitate the continued control of founders Larry Page and Sergey Brin over the most dominant search engine in the world.

Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the No. 1 Web search engine.

(SAN FRANCISCO) — Google‘s stock price topped $800 for the first time Monday amid renewed confidence in the company’s ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market. The milestone comes more than five years after Google’s shares initially barreled through $700.

(SAN FRANCISCO) — Google‘s stock price topped $800 for the first time Monday amid renewed confidence in the company’s ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market. The milestone comes more than five years after Google’s shares initially barreled through $700.

By Value in Stock Market:It's tough to be a Google (GOOG) shareholder -- unless your name is Larry Page, Sergey Brin, or Eric Schmidt. At Thursday's quarterly report, instead of starting to issue dividend as many shareholders were hoping, Google decided to split its stock -- in a wacky way: the new shares will have no voting rights, thus tightening the iron grip the three Google executives (Page, Brin, and Schmidt) already have on Google.

WILMINGTON, Delaware (Reuters) - Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents. Google announced the surprise stock split plan earlier this month, in which shareholders would get one new share of non-voting "Class C" stock for each existing "Class A" share. As a result, Google will be able to issue new shares for acquisitions and employee compensation without diluting the 56. ...

Google Inc. plans to split its stock 2-for-1 to preserve its leadership's control over the company and maintain its long-term focus. The online search leader said it is issuing a new class of stock to shareholders. Google also announced a 61 percent jump in profits for the first quarter. » E-Mail This     » Add to Del.icio.us