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


To: H James Morris who wrote (27372)11/20/1998 1:03:00 PM
From: Smart Investor  Read Replies (1) | Respond to of 164684
 
I guess it is down to the question what one wants to be remembered as, as a visionary business man who created wealth, or just as a stock manipulator. People admire Andy Grove because of his contribution to the computer industry and making Intel a very profitable company, not because of his money. I guess when one has a couple of hundreds millions, it is probably more important to have a legacy rather than trying to rake in more using all means and dirty tricks.



To: H James Morris who wrote (27372)11/20/1998 1:08:00 PM
From: Tom D  Read Replies (1) | Respond to of 164684
 
I don't love Bezos.

My assessment is that he is one of the more talented CEO's. He is leading his company to compete in a market which does not really exist yet. He is making moves and seeing things that are years ahead of what most people who criticize him are able to see. His ethics are probably not better or worse than most CEO's.

He only is rewarded when he sells stock. He has sold 1% of it. If AMZN is a house of cards, a fraud, a scam, etc etc (lots of posts have more hate-filled adjectives) Bezos will lose billions. If he seriously tried to sell stock, the price would collapse. He does not really have billions if they are totally illiquid. He has plenty of incentive to create value on a long-term basis for shareholders. I don't have a problem with this method of compensation. He cannot reap billions in stock sales until the company proves itself. This seems rather just to me.

Tom