Feeds

Ballmer cuts stake in Microsoft with shares sale

'Excited... fully committed' and not going anywhere

Combat fraud and increase customer satisfaction

Microsoft chief Steve Ballmer cut his stake in the company by about 12 per cent late last week, after selling $1.3bn worth of shares.

It’s the first such stock sale by Big Steve in seven years and was done, according to Microsoft, to “diversify” the firm’s CEO’s investments and help plan for taxes.

The stock sale has, perhaps inevitably, been viewed by some as Ballmer’s slow walk towards the Redmond exit door, following his failure to drag Microsoft kicking and screaming into the tablet and mobile game, currently dominated by Apple.

Unsurprisingly, the MS boss wanted to make it clear that he was sticking with the company.

"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion," said Ballmer, who has been Microsoft’s CEO since 2000.

"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."

Last week, Ballmer sold 49.3 million MS shares, at around $27 per share. And it doesn’t end there. He plans to sell up to 75 million shares by the end of 2010, leading to an 18 per cent drop in his remaining stake in the software vendor.

Prior to his early-November sale, Ballmer held 408 million shares in Microsoft. At present he holds 358.7 shares, or a little over four per cent of the firm.

His current stock in Microsoft is worth about $9.6bn. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.