esure, offload, have a point

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Google CEO Eric Schmidt plans to offload $1.35bn worth of shares. Source ...
The Australian
FORMER Google CEO Eric Schmidt plans to sell up to 2.4 million shares of stock currently worth nearly $US1.5 billion ($A1.39bn). Schmidt, now Google's executive chairman, intends to stagger the sales of the stock over a one-year period.



Lloyds Banking Group has sold its majority stake in esure, one of Britain's largest providers of home and car insurance, as part of its plan to offload noncore units after a merger with rival lender HBOS. Go to Article from Reuters via The New York Times»


Esure (usually styled as esure) is an internet and telephone based insurance company based in Reigate, Surrey, England. It also has offices in Manchester and Glasgow. esure was founded in 1999 by businessman Peter Wood, who also launched the Direct Line insurance company for the Royal Bank of Scotland.


offload
off·load or off-load (ôfld, f-)

v. off·load·ed or off-load·ed, off·load·ing or off-load·ing, off·loads or off-loads

v.tr.

1. To unload (a vehicle or container).

2. Computer Science To transfer (data) to a peripheral device.

3. Slang To get rid of and pass on to another: "He does come close to offloading some of the blame for the launch on . . . the dear old media" (Meg Greenfield).

v.intr.

To unload a vehicle or container.