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>The opponent in this scenario is the shareholders, they're the ones who want to take the money away from Amazon. Take the money away from Amazon? The shareho

• prostoalex 12y ago
  Re-investment with subsequent share growth is more efficient mechanism of value distribution than dividend payouts. First, there's no double taxation; second, the recipient can choose the timing and amount of participation as they decide on when to sell the stock.
• eru 12y ago
  > If/when they want dividends instead of re-investment (which doesn't seem to be the case yet), they are entitled to it. In theory, yes. In practice, being an activist shareholder and going against the wishes of management is _hard_.
• Swannie 12y ago
  Do you know how much of Amazon is publicly traded? How much of Amazon is held by the Amazon management team? You're correct in asserting that the shareholders are entitled to direct the board to do their will. However, you seem to be assuming that the publicly traded shares of Amazon a) have significant voting rights, b) are a large enough share to be significant, and c) are not held in majority by those within the company. I can't find information on either of these three... so I continue to assume it's entirely possible that Amazon's publicly traded share holders are a minority, with little voting rights.