Microsoft's Ballmer Sells $1.34 Billion of Microsoft Stock

Filed under: SEC Filings, Management, Insiders

Microsoft (MSFT) CEO Steve Ballmer sold about 50 million shares of his Microsoft stock for $1.34 billion, as reported in the Wall Street Journal (subscription required).

Let's listen to a fictitious exchange between Steve and his tax accountant: "Steve, you know you hold 408 million shares of Microsoft. For the end of the year tax adjustments, it's a good idea to sell some of it, say 50 million. Microsoft's earnings are strong. The mutual and hedge guys most likely will be buying. We can sell into that strength."

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Microsoft's Ballmer Sells $1.34 Billion of Microsoft Stock originally appeared on BloggingStocks on Sat, 06 Nov 2010 12:40:00 EST. Please see our terms for use of feeds.

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