4 ms·
It doesn't scream "doom" to me; Ballmer's sale looks like it was done mostly for tax purposes.
by chunkbot 16y ago
It doesn't scream "doom" to me; Ballmer's sale looks like it was done mostly for tax purposes.
- aaronbrethorst 16y agoIt still sounds bad to me. It says to me that Steve thinks there's more upside in lower cap gains taxes than hanging onto the stock. In other words, MSFT is stagnant now and it's going to be stagnant for years to come. If Steve had been doing what Bill does—selling off a big chunk of stock every quarter—no one would've even blinked at this.
- brudgers 16y agoSome reports put Balmer's total sale at $1.3 billion. The 5% increase in the capital gains tax rate represents up to $65,000,000. Even for a billionaire, that's real money.