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Tag: jeff bezos


Amazon CEO Jeff Bezos Could Become World’s First Trillionaire by 2026

19

May 2020

Amazon CEO Jeff Bezos Could Become World’s First Trillionaire by 2026

Using his average net worth growth over the last five years (34%), the folks at Comparisun are estimating that he could be a trillionaire by the year 2026. Amazon CEO Jeff Bezos is expected to become the world’s first trillionaire by 2026, according to Comparisun, a company that compares different products between small and medium-sized firms. Bezos is now valued at $140 billion, up from...

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Bezos’s Sales of Amazon Stock Reach $3.45 Billion in a Week

11

Feb 2020

Bezos’s Sales of Amazon Stock Reach $3.45 Billion in a Week

Stock disposals by Amazon.com Inc.’s founder and chief executive officer over the past week have reached 1.7 million shares, or $3.45 billion, according to the latest round of regulatory filings. The stock has ticked higher regardless, gaining 9.6% since Jan. 30, the day before his sales began. The transactions are part of a pre-arranged trading plan. An Amazon spokesman declined to comment. That brings Bezos’s...

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Amazon sues Pentagon over claims Trump to blame for failure to win $10bn defence contract

10

Dec 2019

Amazon sues Pentagon over claims Trump to blame for failure to win $10bn defence contract

Amazon has opened legal proceedings against the Pentagon, alleging that the online giant was denied a $10bn (£7.6bn) US defence contract due to US President Donald Trump’s personal vendetta against chief executive Jeff Bezos. In a court filing made public today, Amazon claimed that its failure to secure the contract was result of improper pressure from the president. The filing said Trump “launched repeated public...

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Amazon Accelerates Efforts to Fight Climate Change

22

Sep 2019

Amazon Accelerates Efforts to Fight Climate Change

Amazon committed on Thursday to meeting the goals of the Paris climate agreement 10 years ahead of schedule and be carbon neutral by 2040, in the company’s most ambitious push yet to combat climate change. Jeff Bezos, the company’s chief executive, said that the promises were part of a new effort called the Climate Pledge. Amazon is the first company to join the pledge. To...

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Pros and Cons to Buying Amazon Stock

15

Sep 2019

Pros and Cons to Buying Amazon Stock

Should you buy Amazon stock? It’s a question many investors might be asking themselves as shares of the online retailer approach all-time highs. AMZN has been rocketing higher in recent years due largely to a long series of earnings beats as it quickly made the transition from an intermittently profitable company to one of the most impressive large-cap earnings growth stocks out there. Primarily responsible...

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Jeff Bezos sells Amazon stock worth $2.8 billion last week

06

Aug 2019

Jeff Bezos sells Amazon stock worth $2.8 billion last week

Amazon.com Inc (AMZN.O) Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion. In the last three days of July, Bezos has sold stock worth about $1.8 billion, regulatory filings (here) with the Securities and Exchange Commission showed. Amazon declined to comment on Bezos’ stock...

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investors

12

Jan 2019

Investors ask how the Bezos divorce will affect Amazon

Amazon.com Inc (AMZN.O) shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists as the world’s richest person, worth an estimated $136.2 billion, said via Twitter on Wednesday that he and his wife of 25 years, MacKenzie, will...

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Jeff Bezos considers himself as the least important person at Amazon

27

Nov 2018

Jeff Bezos considers himself as the least important person at Amazon

The founder and CEO of Amazon Jeff Bezos reportedly considers himself to be to be at the bottom of an inverted pyramid of importance within the Amazon organisation. The example is provided as part of staff induction when they start at the company and is presented by managers. The claims come as an anonymous report in the Guardian that is highly critical of working conditions...

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Amazon Leads Tech Rivals in an Era of Shifts

31

Jul 2018

Amazon Leads Tech Rivals in an Era of Shifts

Historians will define the current epoch in technology, and indeed business, culture, and society generally, as the era of the shift, a seemingly constant dispensing with traditional boundaries and notions of how things are done. Retailing has shifted to the web; so has watching movies; workers have shifted from their desks to their mobile devices; computing has shifted from the raised-floor data centers once built...

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If Trump Declares War On Amazon, Consumers Will Be Among The Casualties

02

Apr 2018

If Trump Declares War On Amazon, Consumers Will Be Among The Casualties

First there were the Robber Barrons — John Jacob Astor, Andrew Carnegie, JP Morgan, John D. Rockefeller, Cornelius Vanderbilt and more — whom President Theodore Roosevelt took on, busting their trusts. Now another activist president, Donald Trump, wants to add Jeff Bezos to that list. Times have changed, and societal problems are different, but what hasn’t changed is the righteous indignation presidents feel against their foes. Back...

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