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Who's saying he has to sell his stock? He should be giving it away to his employees, all the way to the lowest-wage factory and warehouse workers. They're the o

Who's saying he has to sell his stock? He should be giving it away to his employees, all the way to the lowest-wage factory and warehouse workers. They're the ones who make the company work, and he doesn't give a shit about them.

throwawyyrep 6y ago
Jeff has been building Amazon since 1994. Do you seriously believe the moral thing for him to do is to give away his shares to some low-skilled, easily replaceable employee who is just looking to make a quick buck ?
- WrtCdEvrydy 6y ago
  > some low-skilled, easily replaceable employee It's very funny how the 'job creators' weren't able to do anything against coronavirus closing and everyone staying at home. If they're so damn good, why did their stocks crater during the COVID-19 quarantine?
  - sukilot 6y ago
    You might want to check the stock market prices before repeating that argument.
- claudeganon 6y ago
  The people who are strapped to activity monitors in overheated warehouses, packing millions of orders each day, risking contracting COVID, do more to build Amazon and ensure it’s continued existence than Bezos has ever done.
- saagarjha 6y ago
  That sounds exactly like how compensation works?
- astura 6y ago
  It's not exactly unprecedented, its is often what happens in an employee owned company. Example: https://abcnews.go.com/WN/owner-multi-million-dollar-company-hands-business-employees/story?id=9875038 https://abcnews.go.com/WN/owner-multi-million-dollar-company... >Moore said he's gotten countless buy-out offers over the years, but he couldn't envision selling the business to a stranger. "It's the only business decision that I could make," he said. "I don't think there's anybody worthy to run this company but the people who built it. I have employees with me right now that have been with me for 30 years. They just were committed to staying with me now and they're going to own the company."

throwawyyrep 6y ago

Jeff has been building Amazon since 1994. Do you seriously believe the moral thing for him to do is to give away his shares to some low-skilled, easily replaceable employee who is just looking to make a quick buck ?

WrtCdEvrydy 6y ago
> some low-skilled, easily replaceable employee It's very funny how the 'job creators' weren't able to do anything against coronavirus closing and everyone staying at home. If they're so damn good, why did their stocks crater during the COVID-19 quarantine?
- sukilot 6y ago
  You might want to check the stock market prices before repeating that argument.
claudeganon 6y ago
The people who are strapped to activity monitors in overheated warehouses, packing millions of orders each day, risking contracting COVID, do more to build Amazon and ensure it’s continued existence than Bezos has ever done.
saagarjha 6y ago
That sounds exactly like how compensation works?
astura 6y ago
It's not exactly unprecedented, its is often what happens in an employee owned company. Example: https://abcnews.go.com/WN/owner-multi-million-dollar-company-hands-business-employees/story?id=9875038 https://abcnews.go.com/WN/owner-multi-million-dollar-company... >Moore said he's gotten countless buy-out offers over the years, but he couldn't envision selling the business to a stranger. "It's the only business decision that I could make," he said. "I don't think there's anybody worthy to run this company but the people who built it. I have employees with me right now that have been with me for 30 years. They just were committed to staying with me now and they're going to own the company."