sábado, 13 de noviembre de 2010

Ballmers Worth Billions and hes Cashing in his Stock

Steve Ballmer might look like Joe Everyman on the outside, but under that sweat stained exterior is a billionaire in disguise, and according to Reuters he's cashing out.

The CEO has apparently confirmed reports that he has sold 49.3 million shares of Microsoft stock worth an estimated $1.3 billion, a move that some feel might be motivated by the end of Bush-era tax cuts on capital gains.According to Ballmer investors shouldn't read too heavily into the decision to sell off shares, and it was done purely for personal financial reasons. At current prices Ballmer is sitting on about $10 billion in company stock, so despite the poor optics of a CEO selling off a large pool of shares, we suspect the temptation of all that non-liquid cash simply became too much. �When you consider that his 2009 bonus was a mere $670,000 as a result of poor performance in the mobile and tablet market, it would make sense that he would want to supplement his income somehow.

Source:
http://techmonkeymagic.wordpress.com/2010/11/13/ballmers-worth-billions-and-hes-cashing-in-his-stock/

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