Steve Ballmer Made $769 Million Today Just By Quitting

CEO Steve Ballmer’s stake in Microsoft is worth a lot more with shares rising on the news of his retirement.

Steve Ballmer Made $769 Million Today Just By Quitting

Here’s an interesting factoid from all the Steve Ballmer hoopla from today: The outgoing Microsoft CEO, who plans to vacate his post in the next 12 months, made $769 million just by quitting.

Between yesterday’s market close and this morning, when the news went public, Microsoft’s share price rose about 7%. That movement alone made Ballmer’s ownership in the company, totaling more than 333 million shares, jump in value to $11.56 billion, an increase of $769 million, AllThingsD reports.

[Image: Flickr user Imagine Cup]

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.

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