Chairman, CEO and President Jeffrey P. Bezos sold 1,000,000 shares for $3,022.84, generating $3.02 billion from the sale.
Other notable Amazon Insider Sales:
CEO Amazon Web Services Andrew R. Jassy sold 6,945 shares for $3,061.74, generating $21.26 million from the sale. CEO Worldwide Consumer Jeffrey A. Wilke sold 2,000 shares for $3,011.40, generating $6.02 million from the sale. These shares were sold indirectly through a trust. Director Jonathan Rubinstein sold 329 shares for $3,061.74, generating $1 million from the sale.
Jeff Bezos has been a big seller of Amazon.com stock this year, starting with a large 2 million shares sale worth $4.07 billion in February and then another 1 million shares sale in August worth $3.13 billion, as you can see here. In total, he sold 4 million shares worth $10.22 billion this year. To put this in perspective, the median market cap of the 505 constituents of the S&P 500 index is $22.34 billion. He sold 1.5 million shares worth $2.83 billion last year and just 20,164 shares in 2018.
(from SeekingAlpha)
Uh bro you should read like one economics text book (I suggest anything by Thomas Friedman). He's worth 5000 trillion on paper but none of that is liquid. He's actually not that rich
We joke about this, but its true. Do you know how hard it is to sell stocks? You have to login to an account and click a few buttons. Those simpletons just don't understand what we Economics Understanders have to go through in order to keep our heads above water.
How can this alone not radicalize anyone with a brain that makes less than 100k a year? I get stumped for words sometimes because it feels like nothing needs to be said. Just look!
a bone deep belief that jeffy b deserves it, and that taking his shit from him would make everyone worse off
Eh, many people don't care whether he deserves it or not. They understand that some asshole having hundred of billions doesn't stop them from enjoying the middle class lifestyle (they might or might not deserve) and think any attempt to radically change the system has a possibility of harming them.
The difference between $4 billion and $100k is insane. For every $1 earned by a person with a $100k salary, Bezos got $40k.
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Honestly, in America, what do you do at this point other than just shake your head at this shit?
And then watch as your retail coworker tells you with a straight face that he earned that money. Jeff Bezos, in his infinite wisdom, and with his divine mandate, knows what is best for his people.
Used to work at whole foods. My Co worker always complained about not getting a raise in years but would defend bezos in the same breath. I've met lots of people like this and they're always white dudes in their 40s
It's not inconsistent with austerity coming (and Bezos, who is well-integrated into elite management, would certainly hear of such rumors), but it's also not inconsistent with routine harvesting of windfall rona profits.
IIRC he does this pretty regularly and puts the money in his space company.
why do all these pedo [PARODY/JOKE/SATIRE] vampire billionaires like space so much
Which doesn’t make much sense to me because space is 100 times scarier. One component in your spacecraft malfunctions and suddenly everyone is dead. Too risky
It's manifest destiny without any real drawbacks like fighting an indigenous population or be scolded for ruining the environment. They get to be the founders of a new world, and live forever in history. They get to go to a place without law or culture and completely define it themselves. No regulations, no labor movements, none of that stuff. Just a big blank slate to build a capitalist monarchist theocracy on. Where the godking is the founder/CEO and the religion is doing labor and dying on a barren rock for the stock prices.
Yeah I'm going to pick up the books when I get a chance. Slow start but holy shit it hits everything I want out of sci-fi and fantasy
Because they want the best for humanity. They want to save us in the event earth becomes uninhabitable. They want to search the stars for resources to bring back for the benefit of their fellow humans. They feel a deep seeded responsibility to...
Ah fuck I can't keep this up. They want to exploit it all for financial gain. It's a massive area with very few competitors, limited to no real regulation, and untold commercial potential. That, and they think they can escape when things get so bad we're literally eating the fucking rich down here
So...Can Anyone explain to me how's he's gonna avoid paying capital gains tax on this 3 billion dollars? I know he's gonna find a way I am just curious to know how? Like businesses can move to tax havens or post artificial losses. But i wonder how individuals do it
Edit: Was just about to post this. Apparently, he could just live in Florida and pay no capital gain tax as Florida has no capital individuals.
