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Fox News sharing billionaire propaganda
(lemmy.nz)
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this post was submitted on 09 Sep 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
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- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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He’s the executive chairman and largest shareholder.
Amazon still does what he wants. He just doesn’t have to deal with day to day.
Who does the CEO report to?
The board.
Bezos has the most shares and votes yes or no on the board.
Bezos has tremendous sway.
Doesn't the board pick the CEO?
Bezos is absolutely a top 10 shareholder.
Fair enough. TBH I'll still blame him for this kind of thing just for hoarding all that wealth, let alone the fact that he created the company in the first place.
I'm not sure THAT bit is what we should blame him for. If you remember, Amazon was originally just a convenient way to order books you might not find anywhere else because they connected you to tens of thousands of publishers.
What they are now is, of course, a different story.
But he pretty much made them the thing they are now, didn't he?
Yes, and that's something he should be blamed for. Though admittedly he didn't do that alone either. Current CEO of Amazon was the head of AWS for a long time and is basically the reason the half the Internet runs on AWS, which is way worse than the shopping and delivery part of it
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.