Steve Ballmer’s reply to Charlie Munger when questioned about holding Microsoft stock
Steve Ballmer recalled a conversation with investor Charlie Munger about his Microsoft stock holdings. Munger questioned why Ballmer maintained his investment while others sold theirs. Ballmer emphasized his loyalty to Microsoft and belief in its mission and people. He disclosed that he still significantly holds Microsoft shares, which remain a major part of his wealth. Since leaving Microsoft,…
During a recent panel discussion at a Los Angeles golf club, former Microsoft CEO Steve Ballmer recounted an encounter with investor Charlie Munger. Munger, Warren Buffett's former partner, questioned Ballmer about why he continued to hold Microsoft shares despite colleagues selling theirs. Ballmer's response was concise: "No, but I'm not loyal."
Ballmer explained his decision, attributing it to his loyalty to the company and belief in its mission. He stated, "I believed in what we could do, I believed in the mission. I had a lot of loyalty." This loyalty was evident in his continued ownership of a substantial Microsoft stake after leaving the company in 2014, where he owned around 4%. His final disclosed holding was 333 million shares.
Microsoft remains Ballmer's largest reported asset, and Ballmer has received over $12 billion in dividends and share sales from the company. Despite increased philanthropic activity, his net worth is still significantly tied to his Microsoft holdings.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
