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Aug152007

Microsoft: Robbie Bach unloaded more than $6.2 million

Although it was previously reported that Microsoft’s Robbie Bach unloaded $6.2 million in stock before the company’s 360 warranty announcement, it turns out that number’s a bit too low.

According to new filings from the Securities and Exchange Commission, Bach actually unloaded something in the neighborhood of $9.2 million in stock during the period from May 1 to May 30th.

According to Microsoft spokesperson Eric Hollreiser, the discrepancy was due to a simple administrative error that prevented the extra $3 million from being registered with the SEC in a timely manner.

Microsoft, Robbie Bach, Stocks, 360 Warranty, $6.2 million stock, Finance News, Corporate News

Source:→ Wired

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