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Microsoft's Bach Sold even more Stock before Xbox360 1.5B Repair News
>> From marketwatch.com:
[QUOTE]
Microsoft Corp. executive Robbie Bach sold $3 million more in company stock during the period leading up to an announcement about a costly flaw in its Xbox video game console than previously reported, according to a filing Monday with the Securities and Exchange Commission.
MarketWatch reported in July that following an eight-month period when he sold no shares, Bach sold $6.2 million worth of Microsoft stock between May 2 and a July 5 announcement that the company would take a $1.5 billion charge related to Xbox repairs.
But according to the filing Monday, Bach had sold just over $3 million worth of company stock on May 1. Microsoft spokesman Eric Hollreiser said the additional $3 million in sales were not registered in a timely manner with the SEC "as the result of an administrative error."
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Full Story: marketwatch.com
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