biz.yahoo.com— 3,826,396 MSFTSale at $26.55 - $26.88 per share.(Proceeds of about $102,222,000)These transactions occur multiple times a day. Its unbelieveable.
Mar 27, 2006View in Crawl 4
Bill Gates does not cash in his options and sell stock to raise capital for MSFT you monglotarde... That makes no sense whatsoever.. Why would he sell his own shares and give the company back cash? It would devalue the stock for starters and incur huge tax hurdles for MSFT.Bill sells stock and re-invests the proceeds or donates money to charity.. See Bill and Melida Gates Foundation.
Technically there is. Every dollar, yen, pound, etc... you get had to come from somewhere or someone. If it was someone, then there is no net change of wealth worldwide. If it was from somewhere, such as the printing dept of the treasury, then although you just got another piece of paper, they were all slightly devalued.
Strangely enough there isn't<a class="user" href="http://en.wikipedia.org/wiki/Money_supply">http://en.wikipedia.org/wiki/Money_supply</a>Banks can essentially create money by fractional reserve banking. You can see this by checking the amount of money in circulation over history. Microsoft created the shares based on initial capital. The share price has risen because they paid good dividends and the shares have been split so that one original share is worth 288 shares now because the shares have been split numerous times. Microsoft choose to split the shares, but they can only do this because the price has risen hundreds of times, and that is because their business model is lucrative and investors want a share in their success. So Microsoft did literally create the money he has, with a little help from the bank system. If he never existed, neither would it. And most importantly, if the banks simply printed money that wasn't backed by real businesses, the economy would suffer from inflation, .com busts and so on.Incidentally, if you'd invested $3000 dollars in Microsoft in 1986 at $21 per share you'd have had 142 shares. Since then stock splits would give you 288*142=40896 shares at $26.90 now, worth $1.1M dollars.
You don't just give yourself stock in a company... When MSFT went public Gates was awarded a portion of what Microsoft was worth at the time, in stock (securities). It was his company to start with so he deserved every bit of what he got. MSFT has split many times meaning the total number of stocks he owns go up depending on the type of split. Additionally, many founders like the Google guys are on a selling schedule. They are never allowed to sell all their stock at once or the market would think something is horribly wrong and the company would tank. It also helps prevent insider trading. There are tons of regulations in the equities market, if you were to read a single article about any of the exchanges you would realize how silly your comments are.
YEAH! This is the only story I've ever submitted that has become popular, so I want to have the last comment. Mainly because no one will ever read this again.
orbitalleaderMar 27, 2006
Feh. These are all programmed sales so there's no appearance of bad dealings. -no digg, unimportant.
obkenobiMar 28, 2006
I don't give a damn if he buys the Moon, just fix Windows!
spadinMar 28, 2006
You need to learn what you're talking about before you can bash other people. @jasqwery
captainscottMar 28, 2006
Bill Gates does not cash in his options and sell stock to raise capital for MSFT you monglotarde... That makes no sense whatsoever.. Why would he sell his own shares and give the company back cash? It would devalue the stock for starters and incur huge tax hurdles for MSFT.Bill sells stock and re-invests the proceeds or donates money to charity.. See Bill and Melida Gates Foundation.
jasqwertyMar 28, 2006
Technically there is. Every dollar, yen, pound, etc... you get had to come from somewhere or someone. If it was someone, then there is no net change of wealth worldwide. If it was from somewhere, such as the printing dept of the treasury, then although you just got another piece of paper, they were all slightly devalued.
kingzogMar 28, 2006
Strangely enough there isn't<a class="user" href="http://en.wikipedia.org/wiki/Money_supply">http://en.wikipedia.org/wiki/Money_supply</a>Banks can essentially create money by fractional reserve banking. You can see this by checking the amount of money in circulation over history. Microsoft created the shares based on initial capital. The share price has risen because they paid good dividends and the shares have been split so that one original share is worth 288 shares now because the shares have been split numerous times. Microsoft choose to split the shares, but they can only do this because the price has risen hundreds of times, and that is because their business model is lucrative and investors want a share in their success. So Microsoft did literally create the money he has, with a little help from the bank system. If he never existed, neither would it. And most importantly, if the banks simply printed money that wasn't backed by real businesses, the economy would suffer from inflation, .com busts and so on.Incidentally, if you'd invested $3000 dollars in Microsoft in 1986 at $21 per share you'd have had 142 shares. Since then stock splits would give you 288*142=40896 shares at $26.90 now, worth $1.1M dollars.
spadinMar 29, 2006
You don't just give yourself stock in a company... When MSFT went public Gates was awarded a portion of what Microsoft was worth at the time, in stock (securities). It was his company to start with so he deserved every bit of what he got. MSFT has split many times meaning the total number of stocks he owns go up depending on the type of split. Additionally, many founders like the Google guys are on a selling schedule. They are never allowed to sell all their stock at once or the market would think something is horribly wrong and the company would tank. It also helps prevent insider trading. There are tons of regulations in the equities market, if you were to read a single article about any of the exchanges you would realize how silly your comments are.
krimsynMar 29, 2006
All my money goes towards school...
freeagent99Mar 30, 2006
Bill gates has been extremely successful. Unlike many successful people he gives a great deal of his money and time to making the world better for people. Take a look to see how much he donated in 2005, the Gates' were also first on the list in 2004. So whether or not Bill is doing everything he can, he has made a tremendous positive difference. <a class="user" href="http://philanthropy.com/free/articles/v18/i09/09000601.htm">http://philanthropy.com/free/articles/v18/i09/09000601.htm</a>
longboarder543May 7, 2007Submitter
YEAH! This is the only story I've ever submitted that has become popular, so I want to have the last comment. Mainly because no one will ever read this again.