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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Victor Lazlo who wrote (95185)2/28/2000 10:26:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Amzn mgt churns as fast as the stock does. There's no continuity beyond Bezos and the
former CFO who sells off every option of hers as soon as it vests (where is she now in amzn -
a global strategy philosopher or something?)


It appears as an outsider that Amazon is paying way too much in stock options to get new talent. The new talent does not stay past vesting some of their options, becoming a multi-millionaire and then they leave.

Everyone else is gone or new. Did you know the new kid on the block, J. Galli, was granted
1.15% of the co stock when he signed on?


Yes and this fits the pattern I typed above. Covey is not selling all her vested options to diversify. She clearly does not want Amazon stock for some reason. She has been the best paid accountant I have ever seen. Now she is well paid for something which is not clear to me.



To: Victor Lazlo who wrote (95185)2/28/2000 10:32:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
But here are still the facts:
Amzn float, 133M shares
Short int; 36.5M shares
Institutions; 88M shares(of which Janus owns 30M shares)

Here is how Janus' Amzn trading summary:
6/30/99, Janus had 27.5M Amzn shares
8/12/99, Janus filed 13G and owned 37M Amzn shares.
9/30/99, Janus sold 30% and owned 28.7M shares.
12/31/99, Janus owned 27.4M shares.
2/15/00, Janus filed 13G and owned 30M Amzn shares.