A reader recently pointed out a new use for Google: it makes a nifty ATM!
And not just any ATM, but one that spurts out millions of dollars at a time. What fun! Well, at least it is for Omid Kordestani, the company’s Senior VP for Global Sales & Business Development. Two million one day, a million the next — he’s been selling off his shares throughout 2008, for a grand total of at least $33 million.
Most of his stock sales occurred in August and September 2008, between $400 and $509.48 per share. He has sold nothing below the $400 mark (GOOG now trades at $300.36 as of writing), suggesting to us he’s expecting the price to jump back up to $400+ in the future.
The previous year, he had exercised some of his stock options for approximately $32.7 million, according to Valleywag.com
Decorative pool at 15 Central Park West [photo by Curbed.com, via flickr]
So what did Kordestani get for his money? Well, we don’t know what ever came of those rumors he was moving to London, but we do know he bought a magnificent condo at the famed new Manhattan highrise 15 Central Park West.
Kordestani bought unit 16-17C, a 5,416-square-foot, 4-bedroom, unit with a 405-square-foot terrace, for $29.5 million in March 2008. Lloyd and Laura Blankfein (he’s chairman and CEO of Goldman Sachs), are his neighbors.
Entrance to 15 Central Park West
Also in March, he donated $3 million to San Jose State University, where several years ago he received a Bachelor of Science degree in electrical engineering.
We have no idea if Kordestani has any ideas to write a book, but we’d love to hear his story of how a kid from Tehran moves to the US, gets educated in San Jose, and ends up living in a $30 million New York condo!