What does he know? The CEO of Microsoft sold half of his shares for $ 285 million

by time news

It seems that Elon Musk is not the only CEO who got rid of the shares of the company he manages. Chairman and CEO of Microsoft


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(MSFT), Satya Nadella, sold more than half of its shares in the software giant last week for about $ 285 million.

Nadella, who took office in 2014 and made the company one of the highest value holdings in the world, sold for two days, just before Thanksgiving, 838,584 shares out of the 1.7 million he owned. According to estimates, the move was made to evade future tax.

It still owns more than 830,000 shares of Microsoft, which is currently worth about $ 280 million, but this is the largest share sale to date on Nadella’s part of the company.

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Analysts say the sale of Nadella’s shares may be linked to a tax policy in Washington that will take effect this January and will apply to profits of over $ 250,000 a year and will force rich people to pay an additional 7% tax.

Microsoft’s stock has soared 50% this year, enjoying strong sales and profits thanks to the cloud it has set up. The company topped market forecasts in the third quarter of the year with adjusted earnings of $ 2.27 per share. Revenue was $ 45 billion. The market expected an adjusted earnings of 2.07 d per share on revenues of 43.97 billion. Total growth was 22%, the fastest growing division is the cloud division (31%), and the fastest growing activity was LinkedIn (42%).

Since Nadella took over as CEO in 2014, the company has risen to a value of about $ 2.48 trillion, an increase of about 780% since he was appointed to the position. It even recently overtook Apple – but it returned to first place with a market value of 2.69 Trillion dollars.

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