Microsoft CEO Steve Ballmer has watched $1.1 billion evaporate from the value of his company stock as the selection process for a successor has dragged on



From Network World:

Current Microsoft CEO Steve Ballmer has watched $1.1 billion evaporate from the value of his company stock as the selection process for a successor has dragged on and investors have expressed disappointment in the firm's apparent turn toward an internal candidate.

Since the Dec. 4 high for the stock, shares have fallen almost 9%, lowering the paper value of Ballmer's holdings by $1.1 billion, to $11.8 billion as of mid-day Thursday. Chairman and co-founder Bill Gates, who owns slightly more shares than Ballmer, "lost" $1.2 billion in his portfolio's value.

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