Ballmer Bailing?
Conspiracy theorists thought the worst when they learned that Steve Ballmer dumped $1.3 billion worth of Redmond stock. The sky is falling, Microsoft is collapsing, Ballmer is bailing.
Now I'm not a rich man, but I did go the most expensive college in the country (Army brats like me sometimes get great scholarships), and my line of work allows me to hob nob with the rich and famous.
The rich are different from us mere mortals. They have entire teams that manage their money and affairs, and these advisors tend to offer dispassionate advice.
My guess? Ballmer's advisers suggested he diversify a bit. Besides, the sell off represents only a minority of his Microsoft holdings. He still has a paltry $9 billion worth of Redmond shares.
Posted by Doug Barney on 11/08/2010 at 1:18 PM