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I don't think Jeff Bezos donates enough (Was - Bezos is pathetic) (1 Viewer)

I know people who work there. Typically, a tech company gives stock options that vest 25% after a year and 6.25% a quarter thereafter for 3 years.

Amazon employees vest once at the end of 4 years. People go there to get paid, not bc it’s a good place to work, it’s quite the opposite from what I hear. If they want you back, they throw another pile for 4 years at you. You burn out, get paid, leave.
Can vouch for this.

Brother doing M&A for them.. making boatloads, hated it, was about to leave, they offered more boatloads, he stayed, hates it more.

eta - this has no bearing on my opinions about Bezos charitable contributions.. i dont gaf.

 
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I believe Bezos supports many other STEM and Art activities that are for the greater good but wouldn't necessarily show up as a "charitable donation". Long Now is a great example.

 
Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”
Hey man - that could happen to one of us!  When I make my billions I don't want the government sniffing around demanding more taxes, and I don't want to be shamed for hoarding it either.  ;)  

 
He’s certainly brilliant, but that doesn’t make him a good man.
I'm gonna go out on a limb and say none of us know the man well enough to judge either way.

I am also going to go out on a limb to say none of us know the actual extent to which the man is charitable.  

 
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Can vouch for this.

Brother doing M&A for them.. making boatloads, hated it, was about to leave, they offered more boatloads, he stayed, hates it more.

eta - this has no bearing on my opinions about Bezos charitable contributions.. i dont gaf.
Think it depends on the group. We had heard al the rumors but it was a good move at the time. After a couple years not the wife loves it. Schedule is flexible revolving around meetings. They give a lot autonomy as long as you deliver your work. 

 
Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”
I think a lot of people that have responded in here probably think exactly that. But the initial post and this “Jeff Bezos is Pathetic” narrative is pretty lame, because ya know, “I gave $100 to a homeless person. ####### Bezos might be giving $10,000 every day to a different homeless person and not reporting it for all anyone knows.  OP comes off terribly in this thread.  

For the record as it relates to Bezos’ charitable giving, I think he can/should donate more if the OP number is all inclusive.  But I’d say more responses were triggered by the garbage initial posting in this thread than having a thoughtful discussion about what Bezos gives, how much people think Bezos/anyone should give, and by what other means Bezos given back other than tax deductible/documented charitable contributions.

 
Think it depends on the group. We had heard al the rumors but it was a good move at the time. After a couple years not the wife loves it. Schedule is flexible revolving around meetings. They give a lot autonomy as long as you deliver your work. 
He has come to this conclusion and is looking for other positions at Amazon.  He won't leave yet.. $ too good.

 
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Think it depends on the group. We had heard al the rumors but it was a good move at the time. After a couple years not the wife loves it. Schedule is flexible revolving around meetings. They give a lot autonomy as long as you deliver your work. 
I know my wife is crazy busy but she’s enjoyed her time there. Doesn’t mean she won’t look around once vested, seems like a standard MO to do that. If they want to throw more stock her way at that point, she can decide what to do then. Any fast growing company is going to put you through the ringer. You will stand out if you don’t work hard. If you hate it then leave. 

 
I've started tons of duds -- this drives traffic but is an intellectual dud.  

Namaste is on the headphones right now.  

 
10% of your income is not 10% of your net worth, that's if catholics actually give the church 10%.
He's worth $160 billion not he has $160 billion.

That $15 an hour job sounds O.K. until you realize that is below market value for a warehouse picker.
In Maine, where wages are lower, pickers get $16/hr plus bonus. You earn every dollar if your a picker.

 
Something like that. He posts any time he can find a better deal at Walmart, etc. Definitely a little more than just posting an article.
I did this over the holiday season, one time, while analyzing their stock to see if their moat was coming down at all. Strictly looking at financial ramifications as they would pertain to the stock. You have a very strong opinion of my interest on Amazon. 

 
10% of your income is not 10% of your net worth, that's if catholics actually give the church 10%.
He's worth $160 billion not he has $160 billion.
 
That also struck me as odd - the NYPost article uses its estimate of his total assets rather than his income as the measuring stick for his charitable giving.  That might make more sense if he were Buffet’s age, but he’s still actively working. I only think about my current income when I’m planning this stuff. 

 
Because we as a human population have directed an incredible amount of collective human wealth to him and we would like to see it go to good use, be re-circulated, etc.
He gets my wealth because it makes my life easier, no other reason. If mother Teresa could have created a similar service, I would use it. 

 
A lot of shortsighted opinions in here. Not really a surprise, seems to be the norm. 

Whatever, enjoy your LED Rockbird flashlights for $12.69 in two days, that's the important stuff. 

 
Wal-Mart staring pay here is $9/hr. Mcd's and Wendy's is $10. That will change
as Maine just voted in a minimum wage hike.

 
Are we really sorry about losing retail jobs? I worked retail for
16 years. I do not miss it.  It's not bad work but the hours suck.

Does anybody grow up saying "I want to work retail"?

 
I just saw this commercial recently:

https://youtu.be/MU3_ehImGH0

Great marketing/PR message on Amazon's part to counter that line of thought.
In general--I don't understand why  people are lumping job creation into the same category as "charity".   Hiring people is not charitable-it's profitable.  If I have a business that is doing so well that it requires a larger staff of workers to continue to grow--hiring those workers is not "charity".   Workers are generally hired because a cost/benefit analysis has determined that they will bring in more money short term or long term than they are costing.   On the other hand--workers generally can lose their jobs if a cost/benefit analysis determines that they are hurting a company more than helping it.  The work force is integral into making Bezos the richest man on the planet.  Amazon giving a worker a job in their distribution center is not an act of charity.  

Look at reports about the conditions those workers are put in.   There are reports that even with doctors reports--if they call in sick--they get one point on their record.  After 6 points--they can be terminated.  There have been multiple sources that say that timelines are soo strict that employees don't get proper breaks and many times they urinate in trash cans because they don't have enough time to properly go to restrooms.   Also--my understanding is that the $15 minimum wage at Amazon only applies to full time workers and is reflective of "total compensation" (meaning it combines their regular wage, overtime, bonuses, stock options).   

Again--I will repeat that any charitable donation is a good donation and I'm not pro or anti-Bezos.  I just take exception to the line of thought that a company hiring an employee is somehow a "charitable" act.   Until Amazon makes it's fleet of automated robots to run its warehouses--Amazon needs those employees to survive.  

 
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Are the Amazon factory jobs better?
Not better or worse. It's all work. For most people the grind of a 
warehouse (like picking) can only last so long. I worked in a 
warehouse for almost 10 years. The average picker lasted 2-3
before burn out.

If Amazon announced a business opening in Maine it would be 
embraced as a good thing.

 
I could certainly do a lot more with my means so I am in no position to say anything about what others do with theirs.

There does seem to be some deep seated jealousy in some of the posts in this thread though.  Why do people get so angry over what other people do with money that they have earned with hard work and/or intelligence?  

 
He isn’t morally obligated to give a dime to charity anymore than anyone is obligated to buy from Amazon. 

I love Amazon. Ordered some hair styling brushes for my daughter last Monday morning. I’ll be darned if they weren’t delivered the next day at 5:00 pm. 

 
I could certainly do a lot more with my means so I am in no position to say anything about what others do with theirs.

There does seem to be some deep seated jealousy in some of the posts in this thread though.  Why do people get so angry over what other people do with money that they have earned with hard work and/or intelligence?  
I think you answered your own question. Jealousy.

Also, if a rich person has different politics than them it seems to make a difference. Same thing with actors and musicians.

 
Calling a public figure a dirtbag based on their charitable donations makes you sound like an insecure, bitter, little person.

 
It doesn’t look good, but perhaps he doesn’t care.  It’s his prerogative.  It’s also anyone else’s prerogative to slight him for it.

 
Nice commercial but the facts seem to be that retail jobs lost are nowhere close to keeping up with Amazon job creation. 
Are retail jobs losses the sole and exclusive fault of Amazon?

Does Amazon (or any company for that matter) have an obligation (moral or otherwise) to replace every retail job loss created (either by them directly or not)?

In general, would agree that those with power and money should feel compelled to use that wealth to give back. I don't see how we could ever dictate how much and to what causes. 

 
Ilov80s said:
Because we as a human population have directed an incredible amount of collective human wealth to him and we would like to see it go to good use, be re-circulated, etc.
There's two options with this that we as individuals choose from:

1.  Donate the money you were going to spend at Amazon to a charity yourself....don't rely on others.

2.  If you can't, when buying on Amazon, go to smile.amazon.com and choose a charity.  That program's donated well over 100 million to charities all based on purchases and automatically with the click of a button.

I am unaware of another company out there that has a charitable giving option like smile.

 
Stompin' Tom Connors said:
Are retail jobs losses the sole and exclusive fault of Amazon? No but they are the leading contributor

Does Amazon (or any company for that matter) have an obligation (moral or otherwise) to replace every retail job loss created (either by them directly or not)? That is complicated but I would say no. I only posted that because people were referring to all the jobs Amazon has created as some kind of line of defense for Bezos. 

In general, would agree that those with power and money should feel compelled to use that wealth to give back. I don't see how we could ever dictate how much and to what causes. Raise taxes on them 

 
Perhaps his plan is to pay 50% of his net worth in estate taxes when he dies, unlike those estate tax dodgers Gates and Buffett.

 
I think the more core issue here is one better fit for the Politics Forum as ofcourse people would give him less grief about charity if he wasn't so rich due to paying more taxes or paying employees higher wages. The wealth gap in the United States and worldwide is a massive issue that eventually will have to be addressed. 

 

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