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Posts Tagged ‘Bezos’

Jeff Bezos Pledges $10 Billion to Tackle Climate Change

Posted by hkarner - 19. Februar 2020

Date: 18‑02‑2020

Source: The Wall Street Journal

Amazon CEO says fund will aid scientists, others to fight ‘biggest threat to our planet’

Jeff Bezos’s $10 billion Bezos Earth Fund aims to provide financial backing to scientists, activists, non‑government organizations and others trying to counter effects of climate change on the natural world.

Amazon.com Inc. Chief Executive Jeff Bezos says he is committing $10 billion to start a new fund to fight climate change, the biggest philanthropic move to date for the world’s richest man.

Mr. Bezos, who announced the new fund on his Instagram account on Monday, said the Bezos Earth Fund would help back scientists, activists, non‑government organizations and any other effort that “offers a real possibility to help preserve and protect the natural world.”

Mr. Bezos, who provided few details about the fund, said he would start issuing grants this summer.

“Climate change is the biggest threat to our planet,” Mr. Bezos wrote. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.”

Mr. Bezos didn’t specify whether he plans to set up a philanthropic foundation or seek to provide grant funding through another entity. A spokesman for Amazon confirmed that the pledge is genuine but declined to provide any additional details on Mr. Bezos’s plans. Den Rest des Beitrags lesen »

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Trump: “screw Amazon” out of the JEDI contract – backfires

Posted by hkarner - 16. Februar 2020

Date: 15‑02‑2020

Source: The Wall Street Journal

Subject: Federal Judge Halts Pentagon Cloud Contract

Decision is a win for Amazon and a blow for Microsoft

WASHINGTON—In a win for Amazon.com Inc., a federal judge ordered the Pentagon on Thursday to halt work on the massive JEDI cloud‑computing contract awarded to rival Microsoft Corp.

Judge Patricia Campbell‑Smith of the U.S. Court of Federal Claims issued a preliminary injunction to block the Pentagon from proceeding in response to a lawsuit from Amazon contending improper influence from President Trump.

Mr. Trump, a Republican, has blamed Amazon founder Jeff Bezos for unfavorable coverage of his administration in the Washington Post, which Mr. Bezos bought in 2013. The Post says its editorial decisions are independent. Den Rest des Beitrags lesen »

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Why Bezos and Microsoft are betting on this $10 trillion energy fix for the planet

Posted by hkarner - 7. März 2019

Date: 06-03-2019
Source: CNBC

Jeff Bezos and others have sunk more than $127 million into General Fusion, a start-up trying to commercialize fusion energy.

  • Microsoft is partnering with the company by offering technological know-how.
  • Fusion occurs when two light atoms fuse together to make a heavier one, creating energy in the process. It’s the same process that powers the sun and stars.
  • The goal is to provide energy to the 1 billion people on the planet that don’t have access to electricity.

Burnaby, British Columbia, is similar to most North American bedroom communities. The majority of its residents commute into neighbouring Vancouver every morning and then head back to their suburban homes at night. There is one thing, though, that sets it apart: Around the corner from one of the two Costcos in town is a small start-up that’s inching ever closer to solving the planet’s energy problems — and tapping into a yet untouched trillion-dollar market. Den Rest des Beitrags lesen »

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Jeff Bezos and Jamie Dimon: Best of Frenemies

Posted by hkarner - 6. Januar 2019

Date: 05-01-2019
Source: The Wall Street Journal

The JPMorgan chief and Amazon founder have found their companies’ fortunes increasingly entwined, but the balance of power between their firms has shifted

JPMorgan Chase & Co. Chief Executive James Dimon assembled a team in 2017 to answer a question that had been nagging at him for a while: “How should we think about Amazon?”

The team explored the ways Amazon.com Inc. could muscle into financial services and where JPMorgan could fit in, according to people familiar with the matter. And what if, as Wall Street has long feared, the tech company were to become a bank itself?

Industries from pharmaceuticals to logistics are grappling with the Amazon question, as the retailer relentlessly expands into new business areas. But in many ways, the online retail giant and the nation’s largest bank by assets have a special relationship.

The fortunes of the two companies have become more entwined over the years. They are closely connected through a credit-card deal struck when the retailer was still mostly selling books and CDs on the internet. JPMorgan is in talks to partner with Amazon on a number of financial ventures, and the bank lends to the tech company. With Warren Buffett’s Berkshire Hathaway Inc., the companies are working on a first-of-its kind venture to lower health-care costs for their hundreds of thousands of employees. Increasingly, JPMorgan has begun to emulate some of Amazon’s signature management practices. Den Rest des Beitrags lesen »

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Leadership and Life Lessons from Amazon’s Jeff Bezos

Posted by hkarner - 16. September 2018

Date: 15-09-2018
Source: The Wall Street Journal

Make three good decisions a day and no meetings before 10 a.m., Amazon chief tells D.C. audience

Amazon.com CEO and founder Jeff Bezos said when he gets eight hours of sleep, ‘I think better, I have more energy, my mood’s better.’

WASHINGTON— Amazon.com Inc. Chief Executive Jeff Bezos tries never to schedule a meeting before 10 a.m.

“I go to bed early, I get up early, I like to putter in the morning” reading the newspaper, drinking a cup of coffee and eating breakfast with his children, he said. Mr. Bezos schedules “high IQ” meetings before lunch, and tries to finish making his tough decisions by 5 p.m.

Mr. Bezos said his primary job each day as a senior executive is to make a small number of high-quality decisions. That means getting eight hours of sleep, too. “I think better, I have more energy, my mood’s better,” he said.

‘Everything I’ve ever done has started small. Amazon started with a couple of people.’ —Jeff Bezos

If he slept less, he could make more decisions. But it wouldn’t be worth it. “If I have three good decisions a day, that’s enough,” he said. “They should just be as high quality as I can make them.” Den Rest des Beitrags lesen »

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Jeff Bezos: ‘We Must Go Back to the Moon, and This Time to Stay’

Posted by hkarner - 27. Mai 2018

Date: 27-05-2018
Source: The Wall Street Journal

Amazon CEO and owner of rocket startup Blue Origin pledges to expand his space ventures and spells out long-term concepts for exploration

On his own, Jeff Bezos has sold roughly $1 billion of Amazon stock annually to invest in Blue Origin, which hopes to start offering suborbital space tourism flights by 2019.

LOS ANGELES— Amazon.com Inc. founder and Chief Executive Jeff Bezos vowed to use his rocket startup to develop robotic rovers and perhaps human habitats on the moon’s surface, even if such projects fail to win financial support from the U.S. government.

In a personal, wide-ranging talk at a space conference here Friday, Mr. Bezos laid out his vision for lunar exploration and eventual settlement. Depicting such efforts as a matter of long-term human survival, he said: “This is not something that we may choose to do; this is something we must do.”

Without divulging details about the new generations of powerful rockets, spacecraft and landing vehicles he envisions will be necessary to establish such permanent outposts, Mr. Bezos made an impassioned argument for accelerating private space travel. He said future generations won’t be able to survive on earth without expanding into other parts of the solar system.

“The alternative is stasis,” he said, adding that without space settlements, societies around the globe “will have to stop growing” due to environmental and other constraints. “That’s not the future that I want for my grandchildren, or my grandchildren’s grandchildren.” Den Rest des Beitrags lesen »

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Slammed by Trump, Amazon’s Jeff Bezos Chooses Silence

Posted by hkarner - 10. April 2018

Date: 09-04-2018
Source: The Wall Street Journal

Amazon’s chief executive has refrained from public criticism of the president since the election

Amazon.com Chief Executive Jeff Bezos is the world’s richest man.

For years, Amazon.com Inc. Chief Executive Jeff Bezos has meticulously crafted his public image, largely shunning the spotlight while carefully making donations that only hint at his political agenda.

But over the past week, the billionaire has been cast into the limelight thanks to a string of attacks by President Donald Trump.

Mr. Bezos’s response? The silent treatment.

In six tweets over a week, Mr. Trump lashed out at Amazon repeatedly over taxes, its use of the U.S. Postal Service and its effect on other retailers. He also called the Washington Post, which Mr. Bezos owns personally, a lobbying arm. He criticized Amazon at a press conference on Tuesday, too, and aboard Air Force One on Thursday.

The tweets and remarks stem largely from Mr. Trump’s growing unhappiness with coverage of his administration by the Washington Post as well as with its owner, say the president’s advisers and people close to the White House. Den Rest des Beitrags lesen »

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Absolutely UNREAL – bullies like Putin act like this

Posted by hkarner - 8. April 2018

Date: 07-04-2018
Source: The Wall Street Journal
Subject: What’s Driving Trump’s Attacks on Amazon? It’s Personal

President’s attacks on e-commerce company stem from its CEO Jeff Bezos’s ownership of the Washington Post, which Trump says covers him unfairly, say people close to the White House

Early in President Donald Trump’s term, when White House officials heard him complain vociferously about Amazon.com Inc. they arranged private briefings in the Oval Office to make sure that he would talk knowledgeably about the company.

Gary Cohn, his top economic adviser, and other officials gave PowerPoint presentations and briefing papers they believed debunked his concerns that Amazon was dodging taxes and exploiting the U.S. Postal Service.

It made little difference. Mr. Trump persisted in attacks that ran counter to the material they had showed him.

“It’s not the narrative he wants,” one person familiar with the matter said of the White House briefings.  “He clearly didn’t find it persuasive because he keeps saying it’s untrue.” Den Rest des Beitrags lesen »

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Vermögen: Amazon-Chef Bezos ist 100 Milliarden Dollar schwer

Posted by hkarner - 25. November 2017

Erstmals seit 1999 knackte laut Bloomberg-Berechnungen wieder ein Mensch die 100-Milliarden-Dollar-Marke. Ein Amazon-Kurs-Plus gab den Ausschlag.

Das Vermögen von Amazon-Gründer Jeff Bezos als reichster Person auf der Welt hat nach Berechnungen des Finanzdienstes Bloomberg 100 Milliarden Dollar (84,20 Mrd. Euro) erreicht. Der 53-Jährige knackte die Marke als erster seit Microsoft-Mitgründer Bill Gates 1999.

Bei Bezos‘ Vermögen gab am Freitag das Kursplus von 2,58 Prozent bei Amazon-Aktien den Ausschlag. Das starke Geschäft am Einkaufstag „Black Friday“ hatte die Anleger zuversichtlich gestimmt.

Bezos verdrängt Gates

Bezos hatte im Oktober dank der Aufwertung seiner Amazon-Beteiligung Gates an der Spitze der Milliardärs-Rangliste abgelöst. Der Windows-Erfinder kommt jetzt laut Bloomberg auf ein Vermögen von 89,1 Milliarden Dollar. Gates hatte in den vergangenen Jahren allerdings auch großzügig gespendet. Hätte er sich dafür nicht unter anderem von 700 Millionen Microsoft-Aktien getrennt, läge sein Vermögen eher an der Marke von 150 Milliarden Dollar.

Bezos spendete Amazon-Anteile im Wert einer halben Milliarde Dollar und verkauft nach eigenen Angaben Aktien für rund eine Milliarde Dollar pro Jahr, um seine Raumfahrt-Firma Blue Origin zu finanzieren.

Bloomberg schätzt die Vermögen auf Basis öffentlich verfügbarer Informationen über Firmenanteile und Transaktionen und schränkt selbst ein, dass etwa die Bewertung von Blue Origin schwierig ist. Amazon selbst kommentiert Bezos‘ Vermögensverhältnisse nicht.

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Amazon’s Jeff Bezos Becomes World’s Richest Person

Posted by hkarner - 28. Juli 2017

Date: 27-07-2017
Source: The Wall Street Journal

Net worth tops $90.6 billion as stock rises ahead of company earnings report

Amazon President Jeff Bezos reached a net worth of over $90.6 billion as the stock market opened Thursday.

Amazon.com Inc . founder and Chief Executive Jeff Bezos became the richest person in the world as the online retailer’s stock rose ahead of quarterly results, according to a list that tracks wealth.

Mr. Bezos, 53, reached a net worth of over $90.6 billion as the stock market opened Thursday, according to Forbes, which has tracked a list of wealthiest people since 1987. That allowed him to steal the title from Microsoft Corp. founder Bill Gates by $500 million. Stock prices increased from there, adding to his lead.

Analysts expect Amazon to report another quarter of strong sales after the market closes, as the company continues to prove its dominance in everything from retail to cloud services.

Shares were recently trading at $1,070.76, up 42% since the beginning of the year.

According to the company’s proxy filing in April, Mr. Bezos’ stake in the company was 16.9%. Soon after, he sold around $1 billion in shares. Den Rest des Beitrags lesen »

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