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I think it's important to remember that most of Jeff Bezos wealth is in Amazon stock. I say this because it seems like people see $171b and assume Bezos has tha
by thekyle 6y ago
I think it's important to remember that most of Jeff Bezos wealth is in Amazon stock. I say this because it seems like people see $171b and assume Bezos has that amount of spending power. In reality if Jeff tried to liquidate all of his Amazon shares into USD it would crash the stock price and he would get nowhere near the quoted figures.
- therealdrag0 6y agoThat’s just an artifact of a mass selling event right. If he had instead given more stock to employees as they worked for him over the years and helped him build the company, then the wealth would be spread around less unequally. It’s not just a given that he should be worth this much.
- thekyle 6y agoThat's right. Although based on some quick Googling Jeff Bezos owns 11% of Amazon which has a market cap of $1.4 trillion. So Bezos has generated about $1.2 trillion of wealth for other people.
- therealdrag0 6y agoThat's a good alternative perspective. But IMO it's still worth pointing out that it's not JUST Besos, it's him AND everyone else who has worked at Amazon since it was founded. There's 10000x more man hours and brain power that have gone into that company than just Besos himself. A lot of people busting their ass to produce that value.
- cyrksoft 6y agoThey got a salary in return. They did not ‘help him’ build the company. They were paid to do so. They didn’t take any risk working for a salary. Employees don’t inherently deserve anything other than a salary. It’s a matter of incentives
- therealdrag0 6y agoIt’s not obvious how your final statement relates to the rest of what you said. Care to elaborate about incentives?