Wednesday, July 21, 2004

Microsoft's Assets Decrease by $32 Billion

The funny part is that they still have $28 billion in cash after this one time payment to investors which equates to $3/share!  I often thought what it would be like if Microsoft gave $1 million dollars to every person in the U.S.  Other than inflation growing faster than a logrythmic scale, they wouldn't even miss the cash.  Now this proves it! 

"With 10.79 billion shares outstanding as of March 31, the company will pay out more than $32 billion in that one stroke, pending approval of the plan by shareholders.

Company chairman and founder Bill Gates stands to get about $3.3 billion, and he pledged yesterday to give the entire amount to his family's foundation, already the nation's largest. Chief executive Steven A. Ballmer would get about $1.2 billion. But other large holders include mutual funds with millions of average investors, including the Vanguard 500 Index Fund, the Fidelity Magellan Fund and the College Retirement Equities Fund."

Posted By Jason Dowdell at 12:21 AM
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