Comment by inigyou
6 days ago
> 2. I hate the idea of wasting money on buying Jeff Bezos a bigger yacht
Then you aren't using AWS. At least half of all the money you give to Amazon is yacht money.
6 days ago
> 2. I hate the idea of wasting money on buying Jeff Bezos a bigger yacht
Then you aren't using AWS. At least half of all the money you give to Amazon is yacht money.
Unfortunately not a choice at my organization
> yacht money
Huh? Apparently Amazon has never paid dividends, has done much less than 1% buybacks, even as CEO Bezos was getting less than an engineer in total comp (but did get loans or something).
Apparently Bezos owns about 9% of common stock - no dual class shite.
So your yacht spending sounds like a hallucination: if I'm missing something, please correct me.
Amazon's weight: about 3.7–3.8% of the S&P 500. So he isn't even that overweighted (especially as the market doesn't like owners selling down - bad optics).
Bezos has spent about 28 billion for Blue Origin by selling Amazon stock - not using shell games. He has comparitively spent a few percent of that amount on superyachts.