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A tiny fraction of shares are probably owned by activist individuals with socially responsible interests. The rest are employees [1] with self-interest and gia

A tiny fraction of shares are probably owned by activist individuals with socially responsible interests. The rest are employees [1] with self-interest and giant funds with big piles of them whose only metric is returns. Of course they'll all vote for the gain. https://www.investopedia.com/articles/insights/052816/top-4-amazon-shareholders-amzn.asp https://www.investopedia.com/articles/insights/052816/top-4-...

22c 7y ago
~36% of the voting power comes from top 20 institutional/mutual fund holders and about 14% of the vote comes from Jeff Bezos himself[1]. The board of directors recommended all holders vote against this. Even if every shareholding employee of Amazon voted for this, there's very little chance it would've made it past the institutions voting along with the board recommendations. [1]: https://finance.yahoo.com/quote/AMZN/holders?p=AMZN https://finance.yahoo.com/quote/AMZN/holders?p=AMZN