Microsoft CEO Ballmer sells $1.3 billion of shares

[rsmith6621]

Remember Microsoft Outsources Much of It's Production So Ballmer Can Make This Outrageous Amount of Benefit


http://www.komonews.com/news/microsoft/106823943.html

Microsoft Corp. CEO Steve Ballmer has sold about $1.3 billion worth of his company shares recently, the first time he's done so in seven years.

Ballmer confirmed the stock sales Friday and said they were made to diversify his investments and aid his year-end tax planning. He said he plans to sell as many as 75 million shares by year's end. Securities and Exchange Commission filings by Ballmer this week show he sold about 50 million shares.

Ballmer still holds about 350 million shares, worth some $9 billion at Microsoft's current price of around $26. Ballmer issued a statement "to avoid any confusion," saying he was excited about the Microsoft's new products and is fully committed to the company.

[MilesColtrane]

1. Hedging against the coming inflation inherent in an economic recovery.

Monkey boy will probably spread it into foreign markets, commodities (especially oil and metals), and inflation protected bonds.

[DCKit]

4. Not to mention a possible increase in tax rates. Ratfucker. n/t

[bbinacan]

2. Selling now because

next year's tax increase will hit him hard.

[Ruby the Liberal]

3. Hrm. Inside selling continues to escalate exponentially.

Not good.