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Steve Ballmer cashes in 49 million Microsoft shares

Updated Dec 19th, 2018 6:53PM EST

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Microsoft has issued a statement describing Steve Ballmer’s plans to sell up to 75 million shares in order “to gain financial diversification and to assist in tax planning”. A sale this large is bound to ring alarm bells with shareholders, however Ballmer has cleared the air of any brewing conspiracy theories. “Even though this is a personal financial matter, I want to be clear about this to avoid any confusion. I am excited about our new products and the potential for our technology to change people’s lives, and I remain fully committed to Microsoft and its success,” said the Redmond CEO. SEC filings indicate that Steve Ballmer has already sold 49 million shares, making him a cool $1.3 billion. With capital gains tax said to increase to 20 from 15% in January, Steve Ballmer has just saved himself some serious money.