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Sound like a move to avoid losses. TL;DR: Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said
by millzlane 5y ago
Sound like a move to avoid losses.
TL;DR: Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said in a statement Monday afternoon. “He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors.”
- samspenc 5y agoBut then, in the next two paragraphs: > It comes in advance of Washington state implementing a controversial new capital gains tax. Passed by lawmakers in April, it primarily targets stock and business ownership sales with a 7% tax on long-term capital gains of more than $250,000. > The first such tax in state history, it’s set to take effect on Jan. 1, 2022. Microsoft’s statement on Nadella’s stock sale did not address whether the impending capital gains tax factored into Nadella’s personal financial planning. A Wall Street Journal report cited analysts who pointed to a possible connection.
- millzlane 5y agoHe says why he did it. It's not a secret. We can speculate why he did it but with no proof how do we know? If he was trying to avoid the tax altogether why not sell all of it?