Microsoft CEO Steve Ballmer Sells $1.3B Company Shares For Diversification and Tax Planning

By on Nov 8, 2010 in Internet, Software, Technology, United States, World Comments
Microsoft Chief Executive Steve Ballmer
Image Credit: businessinsider.com

Microsoft Chief Executive Steve Ballmer was reported to have sold $1.3 billion worth of his company shares. According to reports, this is the first stock sale that he had done in seven years. Ballmer also confirmed the stock sales on a press release issued by the company that was written on their website last Friday.

According to the press release issued by the company on Ballmer’s behalf, the stock selling is done to diversify Ballmer‘s investment and to aid his year-end tax planning.

Ballmer said “Even though this is a personal financial matter, I want to be clear about this to avoid any confusion,”

“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.” Ballmer‘s reaffirmation as quoted from Microsoft‘s press release.



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