Topic: Jeff Bezos and many top amazon executives leave in mass exodus (Read 249 times)

Lmao, what are you even talking about? "Bare minimum legal stuff"?  He built a trillion dollar company, that's why he's rich.  Amazon is the behemoth it is because it executed better than their competitors and built an unparalleled logistics operations.  You're just hating on rich people because you're not rich and you're justifying it by assuming they have to be rich because they break the law.

Yeah, I am feeling a bit more comfortable about it, does that feel weird? I mean I always hated Jeff Bezos, and as a person he is probably what is wrong with the world, he became rich doing the bare minimum legal stuff while using the loopholes and the predatory moves of business to grow bigger and bigger, he should have been looooong punished for all the things he did. Now that he is getting out, he will still be richer and richer, in fact now whoever comes next will need to be more ruthless because Jeff couldn't fire himself, but whoever comes next will be fired if they show even a slight sympathy towards workers, and that is why it is a horrible thing.

However even with that, knowing that he will not be around in a long time and just die eventually does make me feel better. Even the fact that if I take care of myself very well and do not happen to suddenly die, our age difference means he should probably die before me, knowing that gives me hope.

Divorce proceeds aren't taxed because it's not income.  When you're married, you jointly own the assets, so the divorce is just splitting the assets you jointly own into individual assets.  There would be no reason to tax this because you already owned those assets, you just now have less of them and own them entirely instead of jointly.

Thats really make sense, I dont think that he's sad or mad because of the policy of government. I just look at what the purpose of his resignation, according to me, he's just bored with the situation or his responsible as the CEO . He's just wanna find a new idea or business that can challange his self. As CEO, everything has been ruled as routine. That will make him bored and nothing special from what he achieved.

I would say that I would not invest into amazon stock not because the executives are getting out, and not even because Jeff doesn't seem to care as much, but because they are bound to get a lot harsher regulations in the future and a lot more taxes.

The minimum 15% is nothing, literally nothing to them, they have made SOOOOO much money that even if Jeff paid from his own pocket he could have paid the last 10 years tax cost of amazon from his own pocket today, and this is not retro paying, they will only pay in the future, which will be super simple. Sure they may not make five hundred bajillion dollars in profit, they may end up with just 230 gazillion in profit but who cares? They are making so much that it is still one of the most if not the most profitable business in the world. What I think however is that not only there will be even more taxes, there will also be unionization that will destroy the abuse of amazon does to their employees and that is going to change a lot.

Everyone hates Jeff Bezos.  He made 8 billion dollars just from announcing he was stepping down as CEO.  If quitting your job would net you 8 billion dollars in a day, I'm sure you would probably do it to.  It seems clear Jeff has moved on from wanting to build something great, to wanting to enjoy life.  I doubt he wants to be bothered by people yelling names at him while he's forced to attend meetings and move around in public.  Seems pretty clear from his recent actions that he just wants a stiff drink and some bikini freaks.  If Epstein was still around I'm sure Bezos would be on the island right now... 

Or it could be that Jeff Bezos just wants to focus on other things that he can't obviously do being the head of Amazon. He's already amassed a huge fortune from Amazon, and perhaps it just occurred to him that this is no longer what he wants to do, and perhaps to give the helm to some other people whom he's been with through the ups and downs of the company.

Or again, to reduce taxes that they incur. That possibility is certainly not out of the picture.

As for the other high-ranking officials, perhaps they also wanted to pursue other things, or give the position to somewhere else. Or would also want to live a relaxed life without any responsibilities tied to a big company.

If Jeff Bezos' resignation from Amazon heats up the state of affairs that is currently busy drafting a 15% tax plan, it seems like too much media exaggeration.  I admit that the continued increase in taxes in the production sector will have a broad impact.  I personally don't like it when companies are regulated with large taxes even though the tax allocation in the country is not very transparent.  I look from my point of view in my country and don't really check the conditions in European countries.  Even though taxes are used for infrastructure and so on, this will have an impact on reducing company revenue and as a result companies will think of ways to lower their costs by increasing the price of their services or products.  the impact will be reversed on the people of the country itself.

Humans feels bored doing the same stuff over and over again on a long time period so It is probably that they feel that they had enough on that specific business and its time to move on to another stuff, even Jack ma decided to step down as well and Elon Musk has alot of startup business as well. These top guys have all it takes to start another one anyway so they could pretty much do whatever they want to do


No one know how it will turned out if its founder is still alive anyway.

Many companies have achieved global success after their CEOs decided to give up their place, for example, the golden years of Apple were after the death of its founder.
After companies have suffered so badly, but I think Amazon has become big enough to be bigger than one person, and it would be wrong to judge the success of more than a decade as being one man.

I think the biggest loser of these things is the space company, they were the only ones in this field and now they have fierce competition.
The real winners are those who dream of spending a vacation in space, now we are sure that the competition between these two men will achieve this dream.

But who is John Galt? that's what it reminds me of

The article isn't about just Jeff Bezos though. Its mainly about the team of leaders who have been with Amazon from the beginning and are now leaving for startups for the sake of a better culture. As the article itself points out, this has happened in technology companies for a long time. Tech companies are different from the industrial corporations that make actual products in factories and shop floors. Examples of such industrial corporations would be Siemens, GE or any of the automotive majors.

Tech companies don't have that sense of rootedness to the place that having a huge factory surrounded by living spaces of the executives and workers brings. The result is a much weaker sense of belongingness. I don't think that someone like a Henry Ford or a Thomas J Watson would have this kind of an almost flimsy relationship with the product of their toil like those in Amazon have.

I mean, Amazon is one of the biggest and all but at the base of it, all it really is, is a reseller. That kind of business would definitely not bring the kind of sense of achievement that building a more efficient engine or assembling the first mainframes would have brought. In hinsdsight thus, it seems natural that people leave.

If most of the top leadership leaves like this, the near future will put to test the Amazon culture. And from the complaints of those poor delivery people and warehouse workers, I doubt that they have a great culture of belongingness and employee ownership. As soon as the macro conditions created by the pandemic ease and Amazon starts facing competition from real world stores(which btw people are eager to visit from my personal experience), it may be time to revise those stock forecasts. Great companies survive on the strengths  of a great culture. And when it comes to company culture, Amazon is pretty much an upstart compared to several others. 

That's probably the case because they probably have found another loop hole that they have exploited in terms of paying taxes, their influence will only get big and anytime soon we will see a neo fascist government that's run by corporations that only have their best in mind. Probably not even a neo since fascism is making the government like a corporation.

I think we have similar kind of discussion when Google and Alphabet CEO stepped down if I am not wrong.

Anyway this is purely for their benefits but they are not going to lose their decision making powers they just don't want to be in the position to avoid something like taxes, etc.

I don't think that the departure of Bezos has anything to do with the global 15% tax initiative.
He's just tired and wants to focus on other projects.
I also don't think that the Amazon business model will change.Letting people and companies re-sell cheap stuff imported from China?Sounds like a great business model to me,unless Alibaba steps in and starts competing with Amazon.
Was Amazon even profitable after all those years?Is Amazon a giant tech bubble,that is about to pop?

Even if we wish to, we don't have the power to do so because these people in the upper class are making sure that those loopholes are open for them no matter how obvious that loophole is because they don't want to pay taxes and they will do any means necessary to get that loophole going, even if there's coercion and lobbying involved.

Tax system needs a massive overhaul and there is no doubt about it. MacKenzie Scott received $60 billion worth of AMZN shares from Jeff Bezos as a part of the divorce package and not a penny of it was taxed. This loophole, which allows the transfer of shares from one individual to other without any tax liability needs to be overhauled. When someone transfers his shares to a different individual using the stock exchange, he is taxed for that. So I don't understand why direct transfers doesn't come under taxation. One thing is sure. These loopholes are mostly being used by the super-rich.

Given the fact that their business model virtually depends on low tax environments, it could be a possibility.

But it seems to me that Bezos is probably just more interested in his other ventures right now compared to Amazon which has been around for decades. Of course Blue Origin's race with Virgin Galactic at this point in his career is probably more significant to him.

Also, don't forget that the 15% global corporate tax is probably not going to change things substantially - it's way too low of a minimum to be binding in any strong sense.

It's a cheeky move, but nothing more than an avenue for people to register their disapproval of his massive accumulation of wealth.  I don't necessarily have a problem with his wealth, except I think the tax system does need to be overhauled and wealth in the multi billions needs to be taxed.  I reckon a lot of the signers of that petition feel the same way.

I think the rationale behind his departure is that he no longer feels any sense of achievement by being there and there are some internal pressures that require him to step down for the good of the company. Now he is eager to start a new career as an astronaut and perhaps those executives may also follow him to space.

https://www.hindustantimes.com/science/in-race-to-space-it-s-virgin-galactic-vs-bezos-blue-origin-101625276825288.html

The funniest thing about Bezos wanting to be out of earth is the community that is forming around the idea of not letting him back in:

https://www.change.org/p/the-proletariat-do-not-allow-jeff-bezos-to-return-to-earth

I am pondering signing.