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    UPDATE: Robbie Bach Dumped $6.2 Million In MS Stocks

    You got faith in the Xbox 360? Robbie Bach, as president of Microsoft's entertainment and devices unit, should. So it's a little sus that between May 2 and May 30, Bach offloaded more than $6.2 million in company stocks. Now, top execs do this all the time, which they're perfectly entitled to do - thing is, they make sure to schedule any sales, so that it doesn't look like they're trading based off insider information. Bach's sales weren't scheduled, and he hadn't sold a single stock in the previous eight months.

    Addressing this issue, a Microsoft spokesperson has said:

    Robbie Bach's past trading is completely unrelated to last week's announcement. ... [He] continues to hold a significant stake in Microsoft and remains confident in the long-term success of the company.
    Which might be true. These kinds of corporatey things are always a little messy. But the dates involved, though it's six weeks before the day of the warranty extension announcement? Looks a little shady, Robbie.

    Microsoft's Bach sold stock as Xbox woes surfaced [Market Watch, via Gamesindustry]

    Update: We've updated the story to correct a factual error. Bach stopped selling off stock about six weeks before the warranty announcement, not the day of the announcement.


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