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U.S. fines Bill Gates $800,000 | |
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| Time: 16:10 EST/21:10 GMT | News Source: CNN | Posted By: Brian Kvalheim | ||
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It may just be pocket change for the richest man in the world, but Microsoft Chairman Bill Gates has been fined $800,000 by the federal government for violating an antitrust rule. Will the world's richest man feel an $800,000 fine? The technical incident has nothing to do with the government's massive antitrust battles with Microsoft (MSFT: Research, Estimates). Gates, whose fortune has been estimated at more than $40 billion, ran afoul of the Federal Trade Commission and the Justice Department's Antitrust Division for his purchases of stock in a drug company and a waste-hauling firm.|
Read Only Comments Return to News |
Displaying Comments 1 through 3 of 3 |
This is an archived static copy of ActiveWin.com. |
| #1 By 2332 (65.221.182.2) at Monday, May 03, 2004 11:56:32 PM |
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An $800,000 fine for Bill Gates is the same as a $1.50 fine for a person who makes $75,000 a year.
:-) |
| #2 By 12461 (69.29.245.34) at Tuesday, May 04, 2004 12:15:19 AM |
| yeah... but George W Bush can take that 800,000 and spend it faster than I could pull the nickel out of my pocket. |
| #3 By 2960 (156.80.64.137) at Tuesday, May 04, 2004 08:41:06 AM |
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#4,
You forgot the #1 detrimental expendeture to Consumers... The funding of Pharmacutical advertisements, which I once read is responsible for 30% of the cost of Medications. TL |
