Who does the CEO report to?
The board.
Bezos.
Bezos has tremendous sway.
Comment on Fox News sharing billionaire propaganda
antianarchist@sopuli.xyz 1 hour ago- Jeff Bezos has roughly 884 million shares. The Top 10 shareholders range from 31-192 billion shares.
- Jeff Bezos is the Executive Chair of the Board. The board has no executive power over a corporation. The CEO is the executing position. If the CEO.
- The board of directors consists of 7 people in total.
This makes me believe he has way less power over such decisions compared to when he was CEO.
anon_8675309@lemmy.world 43 minutes ago
valar@lemmy.ca 1 hour ago
Doesn’t the board pick the CEO?
boonhet@sopuli.xyz 8 minutes ago
Wait who holds 31-192 billion shares? Do you perhaps mean they hold 31-192 billion dollars IN shares? Amazon has 10.8 billion outstanding shares. Bozo’s at ~8% with his ~880 million. Vanguard comes in second with 630 mill and BlackRock third with 450 mill, both of those are mostly just Americans’ 401ks.
Both Vanguard and BlackRock are mostly passive unless something gets really fucked up. They’ll side with Bozo by default as long as they think that won’t cost their funds billions of dollars in lost growth.