Deals
Alphabet Lawyer Sold $145 Million of Stock Before Page Exit
- David Drummond unloaded more stock this year than in any other
- He was accused of having improper relationship with employee
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Alphabet Inc. legal chief David Drummond unloaded about $145 million of stock -- his biggest share sale on record -- in the weeks before co-founder Larry Page stepped down as chief executive officer.
Drummond sold $72 million of stock in early November and an additional $73 million on Dec. 2, regulatory filings show. The latter disposal occurred a day before the Google parent announced that Sundar Pichai would succeed Page as CEO and become Drummond’s boss.