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> Bezos’s share of Amazon’s net profit last year was about $6.9 billion We're not talking about Bezos's profit share for one year. We're talking about giving t
by lkjdsklf 4mo ago
> Bezos’s share of Amazon’s net profit last year was about $6.9 billion
We're not talking about Bezos's profit share for one year. We're talking about giving the workers a bigger share of the profit. Ideally, there would have been a workers union that owned a significant number of amazon shares or some other similar structure. Then all workers benefit from the compounding growth pg is talking about in the article. However that didn't happen, because Bezos didn't want it to happen.
- rayiner 4mo ago> We're not talking about Bezos's profit share for one year. We're talking about giving the workers a bigger share of the profit. Those are the same thing, because you can only take Bezos's 9% of Amazon once. If you took all of Bezos's Amazon stock and put it in a trust for the workers, the profits from that would have amounted to $6,300 per worker last year. That's a nice bonus, but it's not 10x like you said.
- lkjdsklf 4mo agoI forgot Jeff's current amazon holdings are all teh shares in existence
- TimorousBestie 4mo agoThis is “my job depends on never admitting how inequitable labor relations are” energy.