Xbox chief unloaded stock amid Xbox failure fiasco

According to MarketWatch, Microsoft—or at least the company's Xbox chief Robbie Bach—has been aware of the Xbox 360 issue for quite some time. A review of filings with the Securities and Exchange Commission suggests Bach sold a whopping $6.2 million in stock between May and the date of the official announcement last week. Bach had […]

According to MarketWatch, Microsoft—or at least the company's Xbox chief Robbie Bach—has been aware of the Xbox 360 issue for quite some time. A review of filings with the Securities and Exchange Commission suggests Bach sold a whopping $6.2 million in stock between May and the date of the official announcement last week.

Bach had reportedly not sold any stock in the eight months prior to that period, suggesting a connection to the Xbox 360 failures. However, a Microsoft spokesman told MarketWatch the trading was "completely unrelated" to the announcement. Microsoft had been aware of the issue for "some months," the spokesman added, but a decision regarding how to deal with it was only reached "much more recently."

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Microsoft, Xbox, Failure, Xbox Failure, Microsoft News, Xbox News