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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Tom Markowski who wrote (76383)	9/3/1999 12:07:00 AM
From: Eric Wells	Read Replies (4) of 164684

>>Amazon Vice President Retires This is remarkable. How can an executive retire after only a year? Wright essentially made $7.5 million in advising Amazon on how to spend more money - was his one year contribution to the company really worth $7.5 million? And this $7.5 million is being subsidized by Amazon shareholders. >>"This is complicated stuff. It's challenging. >>It's all about execution." Not what I would expect to hear from a company to which so many investors have been so forgiving - and which so many investors expect to be the world's leading retailer at some point. Will investors be able to forgive operational inefficiency alongside mounting losses? I guess execution must be challenging when you have millionaire executives retiring. Personally, I feel AMZN should be hit hard for this. Wright's departure makes it look like Amazon insiders are milking the high stock price for all it's worth. But of course, in this market, I'm sure some analyst will find a positive spin. Thanks for posting the article. -Eric

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