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Microsoft Corporation (MSFT)
Robbie Bach dumps $6.2 Million in MS Stock
Robbie Bach dumps $6.2 Million in MS Stock
Kotaku - July 12, 2007
Submitted by pilias_simber (122) at 6:31AM PST on July 12, 2007
You got faith in the Xbox 360? Robbie Bach, as president of Microsoft's entertainment and devices unit, should. So it's a little sus that between May 2 and the very day of Microsoft's big "sorry your 360s keep dying" announcement, Bach offloaded more than $6.2 million in company stocks. Now, top execs do this all the time, which they're perfectly entitled to do - thing is, they make sure to schedule any sales, so that it doesn't look like they're trading based off insider information. Bach's sales weren't scheduled, and he hadn't sold a single stock in the previous eight months.
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