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Microsoft's Entertainment President, Bach, Sold Stock as Xbox Problems Mounted

Regulatory filings indicate that Robbie Bach, president of Microsoft's Entertainment and Devices division, has sold $6.2 million worth of company stock since May, a period during which mounting Xbox 360 technical problems have come to light.

While corporate executives often partake in scheduled selling plans to ensure they aren't perceived to be using insider information to sell stock for personal benefit, the report indicates that Bach's insider sales were not done according to a scheduled plan.

More after the jump.

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next-gen.biz
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sony fan3812d ago

yea, MS sucks. Even though people buy and sell their companies stock all the time for different reasons which you could learn in a business course, lets all pretend it is only bad news because either we are dumb or just ignorant, but hey one thing is for sure we are sony fans.

HaKeRsCanRotINHEL3811d ago

Its a joke! FTLOG man, get a life.

XxZxX3812d ago

Did he just pull the ejector seat ??

JIN KAZAMA3812d ago

nice analogy. Hey, atleast he knows when to get out.
People like baldstar, nobizlikeBLOWbiz, thammer the crack whores son, and others will stay in the plane, and crash and burn. And they'll be happy they did, their that DUMB!

kewlkat0073812d ago (Edited 3812d ago )

Somebody might get canned..

Keyser3812d ago (Edited 3812d ago )

This guy is going to get quite the chatising from Bill Gates when he comes into work tomorrow.

A lot of the index finger pointed in his face followed by saliva bursts.

Skynetone3812d ago

Know watch MS shares hit rock bottom

risk3812d ago

but i see can see a decline in the value of this. because the market will not know if there are other people who are also using this insider trading to sell their stocks.

codeazrael3812d ago

Considering that since over 95% of the world's computers run windows.

warfed23812d ago

yeah 95% of all computers use windows yet their stock is falling, what does that tell you?

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