Bill Gates fined $800,000

Just caught this one via Google News…

I’m sure he’s not happy, but there are few people who could even sustain a hit like this without it having any impact on their personal wealth.

The world’s richest man is out $800,000 (U.S.) for violating federal rules by making a large investment in a pharmaceutical company.

Bill Gates, the billionaire chairman of Microsoft Corp., agreed to the civil penalty for the violation arising from his 2002 acquisition of more than $50-million in Icos Corp. securities. [The Globe and Mail]

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