>> "Microsoft CEO Steve Ballmer made $1 billion by quitting. The perennially embattled software boss said this morning he would retire within the next 12 months. At the market open, his 333.252 million shares were up 10% as investors cheered the end of the Ballmer era, a period in which the company returned more than $150 billion to shareholders and grew through the post-dotcom recession and the credit bubble collapse, yet utterly failed to get credit for anything. As my colleague Steve Schaefer reports, Microsoft shareholders have had a negative total return of nearly 17.6%, with the stock down 36%, according to data from FactSet, since the day Ballmer took over as CEO in January 2000...."
Posted on: Sat, 24 Aug 2013 06:26:16 +0000