Steve Ballmer selling $2 billion in Microsoft stock

Microsoft CEO Steve Ballmer plans to sell $2 billion in stock to ‘diversify his holdings' and to help with tax planning before the end of the year. Either that or he just spotted a tropical island, fancy new cruiseliner and beach mansion for those cold winter months.

Ballmer has held about 408 million shares before the move which could involve up to 75 million shares, Microsoft said. According to the worth on November the 5th this would translate to around $2 billion.

Ballmer said in a statement “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.” Clearly he was concerned that some people might take this the wrong way.

KitGuru says: Jealous? yeah, we thought so.

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