“Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales,” Bill Rigby reports for Reuters. “Gates, who started the company that revolutionized personal computing with school-friend Paul Allen in 1975, has sold 20 million shares each quarter for most of the last dozen years under a pre-set trading plan.”
“Assuming no change to that pattern, Gates will have no direct ownership of Microsoft shares at all four years from now,” Rigby reports. “With his latest sales this week, Gates was finally eclipsed as Microsoft’s largest individual shareholder by the company’s other former CEO, Steve Ballmer, who retired in February, but has held on to his stock.”
Rigby reports, “According to documents filed with the U.S. Securities and Exchange Commission on Friday, Gates now owns just over 330 million Microsoft shares after the sales this week. Ballmer owns just over 333 million, according to Thomson Reuters data.”
Read more in the full article here.
MacDailyNews Take: The old thief always was much smarter than Ballmer T. Clown.
[Thanks to MacDailyNews Reader “russ” for the heads up.]