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Joined: Apr 2004
Posts: 298
Phatal Offline OP
UGN News Staff
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Posts: 298
Microsoft head Bill Gates has been fined $800,000 (�450,000) for failing to report a large shares investment, US officials say.
The deal involved Mr Gates's own investment firm and was not related to Microsoft, which continues to face anti-trust litigation.

Mr Gates failed to inform officials of his acquisition of more than $50m in shares in drugs company Icos Corp.

Mr Gates, the world's richest man, is estimated to be worth more than $40bn.

By US law, certain individuals and firms have to notify regulators before they can complete acquisitions of stock or assets worth more than $50m.

Mr Gates reportedly thought he was exempt from the rule because the purchase was for investment purposes.

You can view the original article here...
http://news.bbc.co.uk/1/hi/business/3681545.stm

Joined: Oct 2003
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Stupid Government!
It's none of the government's business!! mad


Those who say do not know.
Those who know do not say.
Joined: Oct 2003
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but why would we want gates getting richer? he has enough money as is....


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Phatal
Phatal
Houston, TX
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Joined: April 2004
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