David Drummond: The Google Lawyer’s Financial Success
Explore the intriguing financial journey of David Drummond, the renowned Google lawyer, as we delve into his net worth and stock sales. Over the past decade, Drummond has made significant stock transactions, amounting to an astounding half a billion dollars. Join us as we uncover the details behind his financial accomplishments and the impact of his stock sales.
David Drummond: A Powerhouse at Google
David Drummond joined Google in 2002 and retired in 2020, leaving behind a legacy of influential contributions. With his position as the Senior Vice President of corporate development and legal, he held immense power within Google and the Silicon Valley community. His seniority and expertise earned him recognition as one of the most powerful figures in the industry.
Impressive Compensation and Stock Options
As one of the highest-paid individuals at Google, David Drummond enjoyed substantial financial rewards throughout his tenure. In 2018, he ranked as the second highest paid person at Google, receiving a total compensation of $47 million. This included a base salary of $650,000 and equity grants totaling $46.6 million. Additionally, from 2011 until his retirement in 2020, Drummond was awarded approximately $190 million in stock options.
Controversies and Personal Life
David Drummond’s personal life has not been without its share of controversies. Former Google employee Jennifer Blakely publicly disclosed her alleged affair with Drummond, shedding light on their tumultuous relationship. The affair reportedly began in 2004 and resulted in the birth of their son in 2007. However, the relationship took a sour turn, leading to legal disputes and Drummond eventually providing child support. Despite these challenges, Drummond recently married another Google employee.
Strategic Stock Sales
One notable aspect of Drummond’s financial activities is his tendency to sell off his Google stock. In 2019, he made substantial stock sales, particularly before co-founder Larry Page’s departure from the CEO position. Prior to the announcement of Page’s exit, Drummond sold approximately $145 million in Google stock. Throughout the year, he continued to sell significant amounts, totaling $72 million in early November and an additional $73 million on December 2, just a day before the announcement of leadership changes within Google’s parent company, Alphabet.
A Decade of Stock Sales
Over the past decade, David Drummond has made a series of strategic stock sales, accumulating an impressive total of nearly half a billion dollars. Let’s take a closer look at the breakdown of his annual stock sales:
- 2009: $9.8 million
- 2010: $18.9 million
- 2011: $11.2 million
- 2012: $24.5 million
- 2013: $19.6 million
- 2014: $30.8 million
- 2014: $40.3 million
- 2016: $52.3 million
- 2017: $47.2 million
- 2018: $75.2 million
- 2019: $72 million in early November
- 2019: $73 million on December 2
The cumulative amount from these stock sales reaches an impressive $474.8 million, showcasing Drummond’s strategic financial moves.
Insights into Management Confidence
Stock sales by insiders, such as David Drummond, are closely observed by investors as an indicator of management’s confidence in a company’s performance. Drummond’s recent stock sales were executed through a pre-arranged stock trading plan. In the current year, he has sold approximately 120 Let’s continue exploring the financial endeavors of David Drummond and gain further insights into his net worth and recent stock sales.
Drummond’s most recent stock sales were made under a pre-arranged stock trading plan. Throughout this year, he has sold approximately 120,000 shares, amounting to a staggering $157 million. These transactions highlight his ongoing involvement in managing his financial portfolio and capitalizing on the value of his Google stock.
As Google’s first lawyer, Drummond played a pivotal role in shaping the company’s legal and corporate development departments. His expertise and contributions were instrumental in Google’s growth and success. In 2015, he transitioned to Alphabet, Google’s parent company, further expanding his influence and responsibilities within the organization.
The significant stock sales by Drummond not only underscore his financial acumen but also serve as an important barometer for investors. Observing the actions of company insiders, such as Drummond, can provide valuable insights into management’s perception of the business and its future prospects.
Drummond’s remarkable journey from a high-ranking executive at Google to his strategic stock sales has cemented his financial success. With a net worth estimated at $9 million, he has solidified his position as a prominent figure within the tech industry.
As the landscape of the technology sector continues to evolve, Drummond’s financial endeavors serve as a testament to the opportunities available to key players in this dynamic field. His contributions to Google and Alphabet, coupled with his shrewd investment decisions, have undoubtedly shaped his impressive net worth.
In conclusion, David Drummond’s net worth has been significantly impacted by his strategic stock sales, amassing an astonishing half a billion dollars over the past decade. As a prominent figure in the tech industry, Drummond’s financial success and contributions have left an indelible mark on the world of technology and corporate development.
