Some very disturbing news is coming out today.
Robbie Bach, the president of Microsofts Entertainment Division, has been caught selling a pile of stock before recently announcing that the 360 has hardware problems and it is going to cost Microsoft over a billion to fix.
There are two very disturbing parts to this story. Firstly he offloaded stock worth $6.2 million. How does the president of a loss making division get so much stock?
Secondly, since the stock price didn’t really take much of a hit is the guy maybe not so bright… He risks his job and reputation to save himself very little… Is this actually a sign of bigger problems inside Redmond that we are still going to hear about?
Link to ‘Bach Sold Stock as Xbox Problems Mounted’ : Next Generation – Interactive Entertainment Today, Video Game and Industry News
Last Updated: July 12, 2007
