Feeds

BILLION DOLLAR BALLMER: Microsoft chief makes $1bn simply by quitting

Hmm, what could I do to boost the value of my stock portfolio?

High performance access to file storage

Steve Ballmer has just seen his personal wealth surge by a cool $1bn after announcing his retirement from Microsoft - which immediately caused the company's stock to soar close to a 12-month high on Wall Street.

The software vendor, which trades on Nasdaq under the MSFT banner, saw its shares initially surge by close to 9 per cent following Ballmer's surprise decision to quit his CEO role after 13 years at the helm of Microsoft.

They have now settled around the $34.50 mark - up nearly 7 per cent and close to the multinational's 52-week high share price of $36.43.

All of which means Ballmer has gained better than $750,000,000 following his announcement that he will serve out over the next 12 months while Microsoft looks for a successor.

He owns 333.252 million shares in Microsoft. Quitting means he's winning big time, which must make it "the right time" for one of Redmond's "largest owners".

As of March 2013, Forbes said that Ballmer was worth more than $15bn - slapping the billionaire right in the middle of its top 100 list of stupidly rich people. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
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
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
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.
HP ArcSight ESM solution helps Finansbank
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.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.