But that is a story for later tonight, or tomorrow -- as I get time. The main event, then:
Well -- the war of words. . . continues.
And Jeff Bezos is plainly. . . losing. And costing his shareholders vast sums in the process. They ought to sue him, for reckless behavior. The company is not his toy. It is a '34 Act public company, and it owes fiduciary duties to all its independent public holders, not just Daddy Warbucks Bezos. Here's the story (from Yahoo! wires):
. . ."It doesn't require a huge leap to figure out why one of the wealthiest individuals on Earth opposes an economic agenda for the middle class that cuts some of the biggest costs families face, fights inflation for the long haul, and adds to the historic deficit reduction the President is achieving by asking the richest taxpayers and corporations to pay their fair share," Andrew Bates, a White House spokesperson, said in a statement to The Washington Post's Jeff Stein. . . .
"It's also unsurprising that this tweet comes after the President met with labor organizers, including Amazon employees. . . ."
Mr. Biden has been focused on repackaging his agenda to combat inflation as well as touting his labor credentials. He hosted union organizers from Amazon and Starbucks earlier this month, including Christian Smalls, the founder of Amazon Labor Union.
Workers at Staten Island's JFK8 warehouse voted to unionize with the ALU in April — a first for Amazon, which the National Labor Relations Board accused of "threatening, surveilling, and interrogating" the unionizing workers.
Smalls has quickly become a prominent face of the revitalized labor movement, with politicians like Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez rallying alongside him. Sanders had Smalls testify in front of the Senate Budget Committee.
"People are the ones who make these companies operate, and if we are not protected, and if the process for when we hold these companies accountable is not working for us, then that's the reason why we're here today," Smalls testified. "That's the reason why I'm here — to represent the workers who make these companies go."
At the White House visit, Mr. Biden told Smalls, "You're my kind of trouble." [A reference to Rep. John Lewis's "get in good trouble," no doubt.] And seemingly in a nod to continued unionization efforts at Amazon, Biden also said, "Let's not stop. . . ."
Jeff "really knocked it out of the park" (not.) -- for his single largest investment / share position, there -- at Amazon. Well done, you thin-skinned, wrinkly, chuckleheaded billionaire. Destroying all the stockholders' value, on the daily.
Sit down -- AMZN is not your toy to destroy, any more than Tesla is Elon's. Both of you have public shareholders.
Confidential advice: check your egos -- and your privileges.
नमस्ते
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