55,700 %

+ 55,700 %

return on investment

editors notes:
It was driving me crazy how in a fire sale a person could receive four times its value. Unless the other individual made such ridiculous returns on there investments that its peanuts in comparison. Hopefully this clarifies some concerns people had on the topic. According to Forbes the value was $575 Million a month ago, now at a $2 billion valuation the taxes of $600 Million our greater than value of entire entity. * $2.5 billion amount that Steve Ballmer's current shares in Microsoft earned between Aug. 22, the day before he announced his retirement as Microsoft's Chief officer , and Fridays market closing. Ballmer reached a deal on Thursday for $2 billion.

-Izzy

Reward or Punishment ?

Donald Tokowitz (a.k.a. Donald T. Sterling) bought the Clippers for $12.5 million in June 1981, according to some reports, and he’ll get a tidy 15,900 percent return over 33 years, an annualized rate of 16.6 percent. It’s about four and a half times the return he would have gotten by putting his money in the stocks of the S&P 500 index and reinvesting the dividends. Putting all his money in gold would have been a terrible idea: Mr. Sterling would have gotten a 162 percent return, about a hundredth of what he got by owning the Clippers.

But there is one investor who puts Mr. Sterling to shame: 30th employee of Microsoft, Steve Ballmer, an investment in Microsoft stock has returned 55,700 percent since the company’s initial public offering in 1986.

And that’s why Mr. Ballmer can afford to pay $2 billion for the Clippers.....