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this focus on the value of his stocks, and their fluctuations, is silly. not only could he not liquidate all of his holdings in under a few years without killi
by sigstoat 6y ago
this focus on the value of his stocks, and their fluctuations, is silly.
not only could he not liquidate all of his holdings in under a few years without killing the stock price (and making the later sales worth less), but part of the value of amazon is bezos' oversight. if he dumps all his stock, the public elects a new board, which elects a new chairman, and they pick some new CEO, amazon wouldn't be worth as much as it is now.
(also he'd bleed away a chunk of whatever he sold off in capital gains taxes. his cost basis is presumably somewhere near $0, since he founded the company and has held from the start.)
- jandrese 6y ago$13B is not even close to "all of his holdings". It is about 6% of his total net worth. It would also be around $17.5% of what he earned in 2020 alone. The capital gains taxes would be offset by having a 13 billion dollar charity donation. Amazon Workers Fund.