Ballmer sells $2 billion worth of MSFT stock

Sat, Nov 13, 2010


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.


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