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Microsoft CEO Satya Nadella sold half of his shares!

104 read — 30 November 2021 13:01
Microsoft CEO Satya Nadella sold half of his shares!

Microsoft CEO Satya Nadella sold half of his shares!

Microsoft CEO Satya Nadelle has decided to sell most of his shares.

Tech billionaires can’t get rid of tax trouble. After Tesla and SapceX CEO Elon Musk sold his shares in the past weeks, Microsoft CEO Satya Nadella has come to the fore with similar news.

According to the news of the Wall Street Journal, the CEO of the US technology giant sold his shares with a total value of $ 300 million. Making a statement on the subject, a Microsoft spokesperson said that this corresponds to half of Nadella’s shares in the company.


Is Microsoft CEO Satya Nadella avoiding taxes?

This decision, which is quite shocking, also has negative effects on the company. This is thought to be the reason for the recent decline. So why did Satya Nadelle sell Microsoft shares? Nadella’s decision is believed to be driven by the Washington state law, which is scheduled to go into effect in 2022 and imposes a 7 percent tax on long-term capital gains over $250,000.

So, just like Elon Musk, the reason for Nadelle to sell is to avoid paying more taxes. Although not billions, the Microsoft CEO also profited quite well from this sale. According to the information received, Satya generated more than $285 million in revenue from this transaction.

Although it is quite unusual for a CEO to sell shares of the company he manages, Satya does not do it because he has failed. Microsoft’s value has increased by nearly 780 percent since Nadella was appointed CEO. The current market value of the company is approximately 2.53 trillion dollars. This makes the technology giant the most valuable company in the world.

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