A week ago Amazon.com Inc in a press release said it would raise the minimum wage of its workers to $15 per hour. But after the announcement, Amazon also said it would cut monthly bonuses and stock grants for hourly employees. Amazon had wanted to phase out its restricted stock unit program it many of its warehouse workers suggested they "prefer the predictability and immediacy … [Read more...]
Investment Lessons from Jeff Bezos
Here are some lessons about building wealth I've learned from Jeff Bezos, the CEO of Amazon.com, during my short time working with his company.Drive down costs. For companies this means don't overpay for input costs. If there are capable workers who are happy to do the job for $15/hr, don't offer anything higher for this position. If nobody is willing to do it for less, … [Read more...]
What It’s like Working for the Richest Man in the World
Jeff Bezos started his company by shipping old books out of his garage. But today the founder, chairman, and CEO of Amazon.com is the wealthiest person in the world, with a net worth of approximately $118 billion. Over the course of last year he managed to leapfrog over Bill Gates with his $90 billion. But a more notable feat may be that Bezos has experienced the biggest … [Read more...]
Why Amazon Stock (AMZN) Could Be Worth $2000 Soon
In the world of online retailing, having volume is key. Amazon.com has been growing its online sales faster than any other online retailer in the United States. Since the beginning of the year Amazon shares (AMZN) have increased by 56%, compared to a 19% gain for the S&P 500. This helped bring up the net worth of Amazon's CEO, Jeff Bezos, to $100 billion. His net worth grew … [Read more...]
CME Group to Launch Bitcoin Futures
In a news release from the CME Group, the financial market company plans to bring Bitcoin futures to its platform later this year. This assumes all regulatory reviews go through as planned. The Chicago Mercantile Exchange & Chicago Board of Trade or CME Group operates the world's largest options and futures exchange. It owns and operates large derivatives and futures … [Read more...]
