Ballmer raises millions in share sale

News

Ballmer raises millions in share sale

Simon Quicke
Steve Ballmer has sold off millions of his Microsoft shares raising himself a tidy sum but has indicated that this move is not a precursor to establishing some sort of retirement fund.

The Microsoft boss has offloaded £800m worth of shares, the first time he has done any selling for seven years, which was revealed in an SEC filing.

Ballmer still holds 359 million shares, worth $9.6bn at the current market valuation, and posted a statement on his blog to ensure any rumours of his retirement were strangled at birth.

"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion," he said, adding that he remained "fully committed to Microsoft and its success."

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.