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Author Topic: Bill Gates Dumps 7 Million Microsoft Shares  (Read 881 times)
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« on: August 11, 2009, 05:35:30 PM »

Still only a small % of his shares, though.



Source: Information Week

Microsoft chairman made five "sell" transactions starting Aug. 3, according to SEC records.

August 10, 2009 01:53 PM

Microsoft (NSDQ: MSFT) chairman Bill Gates is trimming his stock portfolio--he's sold off 7 million shares in the company he founded since the beginning of August.

Securities and Exchange Commission records show Gates launched the selloff on August 3rd, when he disposed of 2 million shares at a price of $24.17 per share. Gates then made four additional sales of shares totaling 5 million through Friday.

The price Gates received for the shares ranged from $23.64 to $24.17. Microsoft shares were off .81% to $23.17 in afternoon trading Monday. The company on Sunday announced a deal to sell its Razorfish digital ad agency to France's Publicis Groupe for $530 million in cash and stock.

Gates divestitures hardly make him a minority stakeholder in Microsoft. Even after the sale, he still holds more than 726 million shares in Microsoft, which in total are worth about $17 billion. Some executives routinely divest large numbers of shares in their companies for diversification or tax purposes.
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pedro01
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« Reply #1 on: September 24, 2009, 07:11:00 PM »

it's nothing... he probably just needs the cash...
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