Microsoft's Bach Sold Additional Stock Before Xbox News

by nk | August 14, 2007 at 05:21 pm
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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. The most recent sales occurred between May 25 and May 30, according to SEC filings. Bach is president of the company's entertainment and devices unit, which includes the Xbox.
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