Microsoft CEO Steve Ballmer has watched $1.1 billion evaporate from the value of his company stock as the selection process for a successor has dragged on
From Network World:
From Network World:
Current Microsoft CEO Steve Ballmer has watched $1.1 billion evaporate from the value of his company stock as the selection process for a successor has dragged on and investors have expressed disappointment in the firm's apparent turn toward an internal candidate.Microsoft CEO search twists and turns have cost Ballmer, Gates billions
Since the Dec. 4 high for the stock, shares have fallen almost 9%, lowering the paper value of Ballmer's holdings by $1.1 billion, to $11.8 billion as of mid-day Thursday. Chairman and co-founder Bill Gates, who owns slightly more shares than Ballmer, "lost" $1.2 billion in his portfolio's value.
