John Paczkowski

Recent Posts by John Paczkowski

Steve Ballmer Just Made $769 Million

ballmer_cesAs difficult as it may have been for Steve Ballmer to announce his plans to retire as CEO of Microsoft within the next year, there’s one thing that likely made it a bit easier to stomach — the big spike in his personal wealth that followed. Turns out that Ballmer made nearly $1 billion by quitting.

According to Microsoft’s latest proxy, Ballmer owns 333,252,990 shares of the company. At yesterday’s closing price of $32.39, they were worth approximately $10.794 billion. But this morning, after Ballmer disclosed his retirement plans, Microsoft’s share price rose some seven percent, pushing the value of Ballmer’s stake to $11.563 billion, and making him $769 million in the process.

Here’s one metric by which Ballmer will be judged harshly. On the last day of 1999, the day before he took over as CEO, Microsoft’s market capitalization was $600 billion. On the day before he announced his intention to retire, it was less than $270 billion.

MSFT_proxy_ownership

RELATED POSTS:

Arik Hesseldahl contributed to this report.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle