California’s Google Gold

It’s good to see that the web is still wild. I happened upon a site called F_ck_dGoogle.com (edited), a site filled with such vitrol for Google (GOOG) it’s an entertaining read. Considering how so many fawn over the company and it’s prospects, it’s nice to see a site filled with contrarian opinion, however unprofessional.

The post that caught my eye linked to an article in Tuesdays San Francisco Chronicle newspaper that detailed the sheer magnitude the Google stock option windfall has had on California state tax receipts.

In 2005, officers, directors and other insiders at the largest 200 publicly held companies in the Bay Area sold a total of $9.6 billion in stock, up from $7 billion in 2004, according to Thomson Financial. Google alone accounted for almost half of the 2005 total.

Assuming this was low basis stock, that’s about $450M in tax receipts from Googl