Chart of the Day: Steve Ballmer Is the -$18 Billion Man

Microsoft stock shot up by $2 when he announced he was retiring.

| Fri Aug. 23, 2013 1:16 PM EDT

Alex Tabarrok points out today that when Steve Ballmer announced early this morning that he would be retiring as Microsoft's CEO, the value of the company suddenly jumped by $18 billion. Ouch.