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How To Make $128 Million From Google In Only A Month
By WebProNews
Staff Writer
Article Date: 2004-09-20
It sounds unbelievable, but it's true! An executive search firm sold Google shares they bought less than 30 days ago for an amazing $128.8 million profit.
Heidrick & Struggles International announced it has exercised the warrants it held in Google, Inc. -- and monetized the resulting shares -- for net proceeds of $128.8 million. 55 percent of the net proceeds is payable to the consultants involved with the search.
The firm obtained warrants to purchase approximately 1.2 million shares of Class B common stock of Google at a price of $0.30 per share, which it received in 2001 in connection with recruitment fees.
I hope the people Google hired worked out!
One WebProWorld.com reader commented; "Man, And I thought I made alot of money with adsense? Anyway, good for them. Get all the money you can fellas- Have a geat day!"
I'm interested in your comments. I have posted a forum post allowing you to comment at the link below:
http://www.webproworld.com/viewtopic.php?t=28615
About the Author:
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Your source for investigative ebusiness reporting and breaking news.
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