Don Dodge writes via Reuters:
Microsoft CEO Steve Ballmer is selling 75 million shares of his Microsoft holdings netting $2 Billion. By selling the stock before the end of the year Ballmer saves $100 million in capital gains taxes. Capital gains tax rates are expected to rise to 20% next year from the current 15%. After the sale Ballmer will still own over 350 million shares or 4.2% of Microsoft.
Steve Ballmer was quick to say “Even though this is a personal financial matter, I want to be clear about this to avoid any confusion. I am excited about our new products and the potential for our technology to change people’s lives, and I remain fully committed to Microsoft and its success.“