Ballmer raises millions in share sale

Steve Ballmer has sold off millions of his Microsoft shares raising himself a tidy sum but has indicated that this move is not a precursor to establishing some sort of retirement fund. The Microsoft boss has offloaded £800m worth of shares, the first time he has done any selling for seven yea

Steve Ballmer has sold off millions of his Microsoft shares raising himself a tidy sum but has indicated that this move is not a precursor to establishing some sort of retirement fund.

The Microsoft boss has offloaded £800m worth of shares, the first time he has done any selling for seven years, which was revealed in an SEC filing.

Ballmer still holds 359 million shares, worth $9.6bn at the current market valuation, and posted a statement on his blog to ensure any rumours of his retirement were strangled at birth.

"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion," he said, adding that he remained "fully committed to Microsoft and its success."

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