Feeds

Schmidt's $1.45bn Google stock sale compelled by adultery?

May top Murdoch for world's most expensive divorce

Providing a secure and efficient Helpdesk

Eric Schmidt's recent sale of over $1.45bn (£914m) in Google stock raised eyebrows on Wall Street, but a report now suggests he needs the liquidity to pay off his wife for a divorce.

"There are many reasons why he's selling shares, mostly business reasons, but he's also working towards a transition and an amicable separation and settlement with his wife," a source told the New York Post. "They are both very private, so they're quietly dividing up assets without drawing attention. There's been no paperwork filed."

The paper reports that Schmidt has been openly dating top Council on Foreign Relations exec Lisa Shields for 18 months. He's also been linked to several other women during the course of his career at Google, usually high-powered executives with business in the technology or political spheres. His wife has largely spent her time on charity work, but it has been speculated that the couple enjoy an agreed-upon monogamish marriage.

If not, then hell may well have no fury like a woman scorned, and the divorce could come with a very big bill, particularly if it takes place in California. Schmidt is worth a guesstimated $7bn and he and his wife have been together many years, so she'd be within her rights to claim to have contributed to the most lucrative parts of his career, and to take half that fortune under the Golden State's community property law.

The most expensive divorce on record is Rupert Murdoch's $1.7bn break-up with his long-standing wife Anna, but Schmidt may well give this a run for its money. He's almost certain to join Murdoch and Formula One supremo Bernie Ecclestone in the billion-dollar payout lists, and this will certainly be the technology industry's most expensive divorce – to date. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.