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These discussions neglect a few things: JB has enormous net worth outside of public shares. Including over 16B in cash. https://www.bloomberg.com/billionaires/p
by quitit 5y ago
These discussions neglect a few things:
JB has enormous net worth outside of public shares. Including over 16B in cash. https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/ https://www.bloomberg.com/billionaires/profiles/jeffrey-p-be...
To the discussion of public shares: Yes he couldn’t cash out all 177B for cash, however a significantly large portion (i.e many billions) can be over a relatively short span of time, additionally shares still possess a barter-like function.
These are not small numbers and indeed such sums could be used to resolve some pretty significant issues (see Bill Gates who is in a similar public-share-wealthy position.)
As for taking part of their pay for union fees. This is like trying to save on toothpaste: The small cost of union fees will deliver benefits for these employees that would easily outstrip contribution costs.
Such an argument would only be valid for employees that already have good pay and benefits/ where a union wouldn’t be able to deliver significant change.