This has more to do with taxes than anything else. With the capital gains tax set to increase from 15% to 20% in January, by selling now Ballmer reduces his tax liability significantly. [BGR]
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Saturday, November 6, 2010
BALLMER CASHES IN 49 MILLION MICROSOFT SHARES
Steve Ballmer has cashed in 49 million shares of Microsoft worth $1.3 billion. In addition he has informed the SEC he will be selling up to 75 million shares. Steve issued a statement to help clear the air around the huge sell off stating "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,”
This has more to do with taxes than anything else. With the capital gains tax set to increase from 15% to 20% in January, by selling now Ballmer reduces his tax liability significantly. [BGR]
This has more to do with taxes than anything else. With the capital gains tax set to increase from 15% to 20% in January, by selling now Ballmer reduces his tax liability significantly. [BGR]
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This could be a sign of under performance (shareholders expectation) for this quarter which is probably what most people would be speculating from the CEOs actions.
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Good thought Parag!
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