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05-05-2014, 09:50 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.smh.com.au/it-pro/busines...505-zr4xo.html (http://www.smh.com.au/it-pro/business-it/bill-gates-on-track-to-own-no-microsoft-stock-in-four-years-20140505-zr4xo.html)
Bill Gates on track to own no Microsoft stock in four years
Date
May 5, 2014 - 3:06PM
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Assuming no change to his share sales, Gates will have no direct ownership of Microsoft shares at all four years from now. Photo: Reuters
Bill Gates, the former chief executive and chairman of Microsoft, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales.
Gates, who started the company that revolutionised 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.
With his latest sales last week, Gates was finally eclipsed as Microsoft's largest individual shareholder by the company's other former chief executive officer, Steve Ballmer, who retired in February, but has held on to his stock.
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According to documents filed with the US 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.
That gives both men around 4 per cent each of the total outstanding shares, making them by far the biggest individual shareholders. Fund firms The Vanguard Group, State Street Global Advisors and BlackRock have slightly bigger stakes, according to Thomson Reuters data.
Spokesmen for Gates and Microsoft declined comment.
Gates owned 49 per cent of Microsoft at its initial public offering in 1986, which made him an instant multi-millionaire. With Microsoft's explosive growth, he soon became the world's richest person, and retains that title with a fortune of about $US77 billion ($83.1b) today, according to Forbes magazine.
Gates handed the chief executive officer role to Ballmer in 2000, and stood down as chairman in February. He remains on the board and spends about a third of his time as technology adviser to new Microsoft chief executive officer Satya Nadella.
For the past six years, his focus has been on philanthropy at the Bill & Melinda Gates Foundation, which is largely funded by his Microsoft fortune.
Reuters
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Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?180988-BRAVO-Microsoft-ate-up-Bill-Gates&goto=newpost).
http://www.smh.com.au/it-pro/busines...505-zr4xo.html (http://www.smh.com.au/it-pro/business-it/bill-gates-on-track-to-own-no-microsoft-stock-in-four-years-20140505-zr4xo.html)
Bill Gates on track to own no Microsoft stock in four years
Date
May 5, 2014 - 3:06PM
Be the first to commentRead later
Bill RigbyZoom in on this story. Explore all there is to know.
Labor ALP Australia
inShare
submit to redditEmail articlePrint
Assuming no change to his share sales, Gates will have no direct ownership of Microsoft shares at all four years from now. Photo: Reuters
Bill Gates, the former chief executive and chairman of Microsoft, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales.
Gates, who started the company that revolutionised 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.
With his latest sales last week, Gates was finally eclipsed as Microsoft's largest individual shareholder by the company's other former chief executive officer, Steve Ballmer, who retired in February, but has held on to his stock.
Advertisement
According to documents filed with the US 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.
That gives both men around 4 per cent each of the total outstanding shares, making them by far the biggest individual shareholders. Fund firms The Vanguard Group, State Street Global Advisors and BlackRock have slightly bigger stakes, according to Thomson Reuters data.
Spokesmen for Gates and Microsoft declined comment.
Gates owned 49 per cent of Microsoft at its initial public offering in 1986, which made him an instant multi-millionaire. With Microsoft's explosive growth, he soon became the world's richest person, and retains that title with a fortune of about $US77 billion ($83.1b) today, according to Forbes magazine.
Gates handed the chief executive officer role to Ballmer in 2000, and stood down as chairman in February. He remains on the board and spends about a third of his time as technology adviser to new Microsoft chief executive officer Satya Nadella.
For the past six years, his focus has been on philanthropy at the Bill & Melinda Gates Foundation, which is largely funded by his Microsoft fortune.
Reuters
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Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?180988-BRAVO-Microsoft-ate-up-Bill-Gates&goto=newpost).