He had 428,000 shares @   $120.

If he sold them all he'd have   $51,360,000.

Not bad for about 8 years.

John Carr
Gerstner To Sell Some IBM Shares


Maybe it's retirement planning. Maybe it's just one way to pay off those
Christmas charges.

But IBM Chairman and Chief Executive Louis Gerstner is selling $19.8
million in stock
according to papers filed with the U.S. Securities and Exchange Commission.

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