Blogging about life, culture, the economy and politics, i.e., stuff, since December 2012
Friday, August 23, 2013
How About That Golden Parachute?
We blogged earlier this year about Intel and Microsoft being joined arm in arm in a long death march. So it should come as now schock that leadership changes are in order.
According to the latest available proxy statement, Steve Ballmer, CEO of Microsoft, holds a beneficial interest in 333,250.990 shares of the company. Upon Ballmer's announcement of his retirement decision earlier today, to occur sometime within the next year, Microsoft's stock surged seven percent or $2.25 a share. That translates into a tidy $750 million gain for the Microsoft insider -- a heckuva thick pad from the blow of the ownership wanting the guy out so badly.
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