Microsoft CEO Satya Nadella has just sold nearly 840,000 of his shares in the US company for more than $ 285 million, CNN news channel reported on Tuesday.
This is a decision taken “for reasons of personal financial planning and diversification,” said the channel, citing a statement from the US company.
Satya Nadella “is committed to ensuring the continued success of the company and its assets far exceed the holding requirements set by the board of directors of Microsoft,” said the same source.
According to the Wall Street Journal, the move could be linked to a change in legislation in Washington state, where Microsoft is located, noting that a 7% tax on long-term capital gains above 250 000 dollars must be in place from 2022.
According to several experts, Washington State’s new capital gains tax will bring in around $ 550 million per year starting in fiscal 2023. The majority of funds are for preschool and childcare. childcare