Feeds

Gates' gang sell shares, make huge wedges of cash

But not as much as Andy Grove. Apparently

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Bill Gates and his Microsoft co-founder chum Paul Allen have been selling shares. Data from Microsoft's proxy statement just filed with the SEC shows that Gates sold $2.8 billion of Microsoft shares over the last year, and Allen $4.4 billion. The valuations are on the basis of last week's closing price. Gates has $57 billion of shares left (20.8 per cent, excluding Mrs Gates' $12 million), Allen £16 billion (5.8 per cent), with president Steve Ballmer languishing with $13 billion (4.8 per cent). Bill did not get his full bonus as it was "tied to corporate revenue and profit goals" that were not achieved. Steve's take home pay was $5,530 more than Bill's, however, because his bonus is bigger. COO Herbold received $1.18 million, Michael Lacombe (senior VP, EMEA and president of Microsoft Europe) $593,000, and Paul Maritz $516,000. That said, Intel's Andy Grove takes home $52 million, leading to some suggestions that senior Microsoft execs are underpaid. Ahem. A graph in the proxy statement showed how over a five-year period, Microsoft shareholders would have seen the value of their holdings increase at more than twice the rate of Nasdaq, and 3.5 times the S&P 500. There then followed the tongue-firmly-in-cheek management suggestion that past is not prelude. Microsoft shareholders can now cast votes via the Internet before the shareholders' meeting in November, when all seven Microsoft board members are up for re-election. There should be little trouble as Microsoft executives and staff own around half the company. The average age of the board is now 52. • In Gates' introduction to the annual report, he was muted about Windows CE: it was "finding its way" into interactive TV and hand helds was the extent of his hype. He expects to "more than double the WebTV installed base to over one million users during the next year on the very positive word-of-mouth this product has generated". "Online is still at an early stage of development," Gates said, which must be news to AOL. ® Click for more stories

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.