Ballmer is taking a hint
by Volker Weber
At the start of June I said how much better you would do if you sold half your Microsoft investment and put that money in Apple stock. Now Steve Ballmer is trying to do that first part, but I am not so sure he is doing the latter. He wants to sell 75 million of his shares until the end of the year, and at their current price of 26.85 that would be about 2 billion dollar (Milliarden to my german readers). Half a year ago he would have gotten anther 158 million. Had he invested 2.158 billion in Apple and took the 29% increase in stock price, he would have made a healthy 785 million profit. Just by shifting his investment from MSFT to AAPL.
I would like a 10 percent commission on that. ;-)
Comments
Wonder if this is a precursor to him getting booted out as CEO.
I hope for Microsofts' sake it is.
---* Bill
He will still have 333 million shares left and is not going to fire himself.
That's the problem on this planet: There are people so rich that they will never ever be able to move all that money back into the economy. Let him loose 700 millions, maybe it ends up somewhere where people can make better use of it...but frankly, I doubt it.
