Microsoft shareholders question exec stock sales
Seattle PI | at | by Mike
The recent jump in Microsoft's stock price was on the minds of shareholders during the company's annual meeting Tuesday -- but not necessarily with a sense of satisfaction.
During a question-and-answer period, executives were asked to address the recent stock sales by Microsoft Chairman Bill Gates, board member Jon Shirley and some executives that followed a sharp increase in the stock a few weeks ago.
"The talk out of Wall Street is that this showed a certain lack of confidence in the future of where the company is going," shareholder Peter Schroeder of Seattle said, addressing executives during the meeting at the Washington State Convention and Trade Center. He noted that the stock has been slipping in recent days.