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To: Eric Wells who wrote (106421)7/25/2000 2:49:49 PM
From: Glenn D. Rudolph  Respond to of 164684
 
According to insider selling records (www.insidersell.com), Galli hasn't sold any stock.


This is due to them being under water. Otherwise, I suspect he would have sold them all.

Oh, and Galli also received a $200,000 salary. $5.4 million bonus + $200k brings the total to
$5.6 million for a year. That's almost as much as Jimmy Wright made in his one year stint.


I believe Jimmy Wright made $8 million in one year. I did not look it up. Anyhow, I always hear about how Amazon has top quality management especially Bezos. It seems to me that paying people that have to learn the ropes since they are just starting, $5 and $7 million yearly is not good business nor top management quality.

Glenn



To: Eric Wells who wrote (106421)7/25/2000 5:12:41 PM
From: Glenn D. Rudolph  Respond to of 164684
 
I wonder if Bezos ever read articles like this one:

"n advisor to more than 5,000 small
businesses offers some intriguing
conclusions.

by Al Karr
Web exclusive

Does your business have what it takes to survive
in the long term -- or even until next year? Not
unless you're focused on turning a profit above all
else, says George A. Cloutier, chairman and CEO
of American Management Services Inc., which has
advised more than 5,000 small business owners in
400 industries over the past 14 years.

Many small businesses wipe out because their
owners get distracted from focusing on the bottom
line and put all of their energy into increasing
sales and the number of workers they have, say
Cloutier. But the successful ones focus on the
financial statement, viewing it as their "report
card." When they're losing money, they admit it
and change the way they do business. They "are
able to bury their ego and say, 'I really have to
make a profit this month,'" Cloutier says.

Cloutier's conclusions are based on a long career
on the entrepreneurial front lines. He also chairs
Partner America, a partnership with the U.S.
Conference of Mayors which works to promote
business development and growth for small
business. Before founding American Management
in 1986, he worked as a CEO, chief financial
officer, and turnaround specialist in the venture
capital, retail distribution, food, and sporting goods
industries."