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Microsoft CEO sells more than half of his shares

Microsoft CEO sells more than half of his shares

Microsoft CEO, Satya Nadella, sold more than half of its shares in tech giant, which is at its historical maximum capitalization, and made a profit of $285 million, according to documents compiled by the US Securities Exchange Regulatory Authority.

Nadella, who has headed the company since 2014, sold about 840,000 shares in the company Microsoft Between Monday and Tuesday last week, when the title was about $338, it now has about $831,000 left, according to a notification filed with the Securities Exchange Commission (SEC, in English).

Microsoft It is $2.53 trillion in capital and has increased in value by more than 50% in the last year as a result of the digitization of the business and Free time imposed by the epidemic, which is a common trend among its competitors in the technology sector.

The sale, which is considered the largest according to the specialized media by the executive branch, takes place within days of the businessman Elon MuskThe Tesla founder shed a slew of titles after asking his Twitter followers what to do with a portion of his stake.

A Microsoft spokesperson told the newspaper The Wall Street Journal Nadella’s movement responds to “Personal reasons for financial planning and diversificationBut some experts suggest that Washington State, where it is based, will soon introduce a 7% tax on long-term capital gains.

for this part, muskIn November of this year, it sold shares worth Nearly 10 billion dollars dollar Assuming compliance with the survey results, he had outstanding tax obligations related to the expiration of stock options during the last quarter of the year.

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Selling large amounts of stock is a frequent activity of other senior executives, such as Jeff Bezos, Founder AmazonWhich at the beginning of the month earned about $2000 million for its titles and has accumulated nearly $9,000 million since the beginning of the year.