Skip to content

Biting the hand that feeds IT

The Register ®

Management:


Related Whitepapers

[Print][Mobile][Alerts]

Ballmer shoots for a billion in Microsoft share sale

Only 421 million shares to go

Published Wednesday 28th May 2003 07:34 GMT

Don't mind the $1.2 billion Steve Ballmer sold in Microsoft stock. He really is very committed to the software maker's future.

Recent SEC filings show that Microsoft's CEO dumped 49 million shares between May 21 and May 23 to the tune of $1.19 billion. Twelve years have passed since Ballmer last sold off Microsoft stock, but the exec said it was time for some asset diversification.

As Ballmer started to sell last week, Microsoft issued a statement to reassure investors and let them know everything in Redmond was okay.

"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion," Ballmer said in the statement. "I remain excited about the potential for our technology to change people's lives, and I remain as committed to Microsoft as ever."

Just in case you were worried that Ballmer would not be able to clear another billion in a pinch, rest easy, he has 421,519,622 shares left. ®

Track this type of story as a custom Atom/RSS feed or by email.
Previous Article Next Article
whitepaper title

Gartner Paper: US Data Centers

U.S. enterprise data centers face considerable space and energy constraints over the next few years. Download this free independent report to read more..
whitepaper title

The Perfect (Virtual) Marriage

Get consistent virtual machine storage savings of 50% (often as high as 90%) with virtually no performance impact with NetApp deduplication..
Whitepapers

Top 20 storiesAll The Week’s HeadlinesArchiveSearch