Comment on Amazon cloud boss says employees unhappy with 5-day office mandate can leave

• peopleproblems@lemmy.world ⁨2⁩ ⁨months⁩ ago

  No. They invest in funds that own buildings that rent to small businesses.

  They need businesses to stay so they can charge them rent. The Amazon owned buildings then maintain and grow their value with inflation.

  Think about inflation - who does it benefit? Only property owners.

  source

  • Cryophilia@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Amazon is landlords now? I’ve never heard of any of these funds.

    source

    • peopleproblems@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Not directly but any big company that has any form of corporate retirement benefit has it through private equity. I highly doubt any of it is publicly traded. But Amazon itself owns 25 buildings in the South Lake Union area of Seattle.

      source

      • Cryophilia@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Amazon doesn’t do pensions or any sort of corporate retirement benefit…it’s all 401k like most US companies. Pensions are very rare here.

        source