RSS
Sharing The Fruits Of Success, Amazon-Style
from the maybe-he-can-host-a-barbecue dept
theodp writes "'The effected people have contributed to the success of the company, as we do well, they should share in the fruits,' pledged Amazon CEO Jeff Bezos in January, 2001, as he announced the formation of a stock trust fund to benefit 1,300 employees he was laying off. Friday's Seattle Post-Intelligencer reports Bezos sold another 950,000 shares of Amazon stock last month for $15.5 million, bringing his post-layoff announcement take to close to $80 million and total personal sales to more than $120 million, taking the sting out of that more widely publicized sysadmin-level salary of $81,840. And how have the 'effected people' fared? While the latest Stakeholder Trust Plan filing discloses that no benefits can be paid until August, 2003, it does note that 530 shares of the laid-off employees' stock had to be liquidated to pay administrative fees of $7,536. "
- DailyDirt: Facebook Facebook Facebook...
- SEC Goes After Those Offering Facebook Shares Pre-IPO
- SEC Told Pandora To Be More Explicit In Its IPO That Its Business Is Likely Unsustainable Due To Crazy Licensing Rates
- The Fine Line Between Crowdfunding & An Illegal Securities Offering Part II: SEC Fines Ad Execs Over Pabst Stunt
- As Pandora Goes Public, How Come No One Is Pointing Out That It Misled The Press About Being Profitable?
Add Your Comment