Reader reaction to Reuters news
I’ll have a nice big stake, please…
Microsoft’s Ballmer sells 12 percent stake in company
SEATTLE (Reuters) – Microsoft Corp Chief Executive Steve Ballmer sold $1.3 billion worth of shares in the company, cutting his stake by about 12 percent, but said his first stock sale in seven years should not be taken as a lack of confidence in the world’s largest software firm.
Your headline says Ballmer sold a “12 percent stake in Microsoft,” which would mean he sold 12 percent of the company’s stock.
In fact, as your story itself explains, he sold 12 percent of his own holdings of Microsoft stock — a substantially smaller, though still really big, amount.
This error has also been reported over at MediaBugs.org: http://mediabugs.org/bugs/reuters-eadline-wildly-overstates-steve-ballmers-stock-sale
We corrected: GBU Editor
Microsoft chief executive Steve Ballmer addresses the ‘Government Leaders Forum Europe’ conference in central London November 4, 2010. REUTERS/Toby Melville