Ballmer Made $769M in Quitting
Because investors were so glad he was leaving
By Kevin Spak, Newser User
Posted Aug 23, 2013 2:00 PM CDT
Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York, Oct. 25, 2012.   (AP Photo/Richard Drew)

(Newser) – Cheer up, Steve Ballmer. Sure, you had to make the fairly humiliating announcement that you were stepping down as Microsoft CEO sooner than you'd wanted to. But on the bright side, you made a lot of money in the process. Investors were so excited to see the backside of Ballmer that Microsoft's stock shot up on the news, AllThingsD reports. And given that Ballmer owns an estimated 333,252,990 Microsoft shares, that surge increased his net worth by around $769 million.

Of course, those gains look a little less impressive when you look over the full sweep of Ballmer's tenure. When he took over as CEO, Microsoft was worth $600 billion by market capitalization. Now, it's worth about $270 billion. InfoWorld, meanwhile, has a short list of possible successors, none of which are household names outside the tech industry. Its favorite is a current Microsoft VP named Tony Bates.

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Showing 3 of 24 comments
Aug 24, 2013 7:27 AM CDT
Mar 10:25 tis easier for a camel to go through the eye of a needle , than for a rich man to enter the kingdom God. Enjoy it before your heart clogs,
Aug 24, 2013 3:25 AM CDT
Not wise.. Based on my knowledge base
False Dichotomy
Aug 23, 2013 6:20 PM CDT
One of the highest paid/profiting dumbass cretin morons in the history of time?