Shaq: ‘I don’t invest in companies just to try and get the big hit’

Since retiring from the NBA in 2011, Shaquille O’Neal has established himself as a successful businessman. “I don’t invest in companies just to try and get the big hit,” O’Neal tells CNBC Make It. “I [invest] because I know it’s going to change people’s ideas… change people’s lives.” O’Neal makes sure to do his homework before agreeing to a deal. “My formula is: If you do your due diligence and you see other successful people put into it, it’s probably going to work and make sense,” O’Neal says.


Since retiring from the NBA in 2011, Shaquille O’Neal has established himself as a successful businessman. “I don’t invest in companies just to try and get the big hit,” O’Neal tells CNBC Make It. “I [invest] because I know it’s going to change people’s ideas… change people’s lives.” O’Neal makes sure to do his homework before agreeing to a deal. “My formula is: If you do your due diligence and you see other successful people put into it, it’s probably going to work and make sense,” O’Neal says.
Shaq: ‘I don’t invest in companies just to try and get the big hit’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: anna hecht
Keywords: news, cnbc, companies, big, going, shaq, dont, successful, hit, doing, invest, oneal, jeff, change, peoples, try, probably, companies, makes


Shaq: 'I don't invest in companies just to try and get the big hit'

Since retiring from the NBA in 2011, Shaquille O’Neal has established himself as a successful businessman. He was an early investor Apple and Google, is the new face of Forto coffee, and owns 17 Auntie Anne’s, a Krispy Kreme franchise and several other service companies. But he doesn’t do business solely for the money.

“I don’t invest in companies just to try and get the big hit,” O’Neal tells CNBC Make It. “I [invest] because I know it’s going to change people’s ideas… change people’s lives.”

O’Neal, 47, was first inspired to follow this line of thinking by Amazon founder and CEO Jeff Bezos.

“I heard Jeff Bezos say one time [that] he makes his investments based on if it’s going to change people’s lives,” O’Neal told the Wall Street Journal in a recent interview. “Once I started doing that strategy, I think I probably quadrupled what I’m worth.”

O’Neal makes sure to do his homework before agreeing to a deal. When investing, he watches what other business leaders are doing and follows their lead.

“My formula is: If you do your due diligence and you see other successful people put into it, it’s probably going to work and make sense,” O’Neal says.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: anna hecht
Keywords: news, cnbc, companies, big, going, shaq, dont, successful, hit, doing, invest, oneal, jeff, change, peoples, try, probably, companies, makes


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Jeff Bezos’ job listing for Amazon’s first hire: You have to exceed what ‘most competent people think possible’

Jeff Bezos published a job listing for Amazon’s first hire in August 1994, and it’s completely in line with the way Bezos runs his tech empire today. Thursday, Bezos posted a screenshot of the job listing on Instagram. “Feels like yesterday,” Bezos wrote, ending with the hashtag “#gratitude.” Bezos’ listing said he was seeking “extremely talented” developers “to help pioneer commerce on the Internet.” And with the same high standards Bezos requires today, he wrote that candidates should be able


Jeff Bezos published a job listing for Amazon’s first hire in August 1994, and it’s completely in line with the way Bezos runs his tech empire today. Thursday, Bezos posted a screenshot of the job listing on Instagram. “Feels like yesterday,” Bezos wrote, ending with the hashtag “#gratitude.” Bezos’ listing said he was seeking “extremely talented” developers “to help pioneer commerce on the Internet.” And with the same high standards Bezos requires today, he wrote that candidates should be able
Jeff Bezos’ job listing for Amazon’s first hire: You have to exceed what ‘most competent people think possible’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: catherine clifford
Keywords: news, cnbc, companies, possible, think, jeff, job, bezos, today, way, version, cadabra, competent, listing, amazons, yesterday, posted, exceed, wrote, hire


Jeff Bezos' job listing for Amazon's first hire: You have to exceed what 'most competent people think possible'

Jeff Bezos published a job listing for Amazon’s first hire in August 1994, and it’s completely in line with the way Bezos runs his tech empire today.

Thursday, Bezos posted a screenshot of the job listing on Instagram.

“I posted our first job opening 25 years ago today, when I hadn’t even settled on the name Amazon yet,” he wrote. (The name at the time was Cadabra, a shortened version of the magician’s expression, “abracadabra.” After Bezos’ lawyer said “Cadabra” sounded like “cadaver” over the phone, Bezos changed it.)

“Feels like yesterday,” Bezos wrote, ending with the hashtag “#gratitude.”

Bezos’ listing said he was seeking “extremely talented” developers “to help pioneer commerce on the Internet.” And with the same high standards Bezos requires today, he wrote that candidates should be able to build large, complex systems “in about one-third the time that most competent people think possible.”


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: catherine clifford
Keywords: news, cnbc, companies, possible, think, jeff, job, bezos, today, way, version, cadabra, competent, listing, amazons, yesterday, posted, exceed, wrote, hire


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Tim Cook has found the ‘recipe’ for a positive relationship with Trump, says Yale’s Jeff Sonnenfeld

Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday. “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].” The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. … Because he calls me and others don’t,” Trump told reporters Wednesday. This is our first CEO president in American


Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday. “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].” The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. … Because he calls me and others don’t,” Trump told reporters Wednesday. This is our first CEO president in American
Tim Cook has found the ‘recipe’ for a positive relationship with Trump, says Yale’s Jeff Sonnenfeld Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jasmine kim
Keywords: news, cnbc, companies, recipe, tim, relationship, positive, president, apple, sonnenfeld, ceo, told, trump, yales, jeff, management, business, cook


Tim Cook has found the 'recipe' for a positive relationship with Trump, says Yale's Jeff Sonnenfeld

Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday.

“Trump runs hot and cold on people,” the senior associate dean at the Yale School of Management said on “Closing Bell. ” “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].”

The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. “That’s why he’s a great executive. … Because he calls me and others don’t,” Trump told reporters Wednesday.

When talking about business leaders building relationships with the president, Sonnenfeld, who is also a CNBC contributor, said, “There are a lot of risks, a lot of reputation risks. There’s volatility but there were [also] very high hopes. This is our first CEO president in American history.”

The management expert explained that during the last election, “most of the major business communities did not support him. Almost 80% [of the Republican business executives] didn’t support him for president.”

He added, “It’s fitful. Even though he wants to use relationships, much of the public doesn’t appreciate him. He’s not one of them. He positions himself as one of them but they never saw him as one. His enterprise was never near the scale of any of these people’s businesses. He felt rejected from their club. So there’s some resentment there.”

Although Cook has publicly criticized Trump for his environmental and immigration polices and the president’s remarks on the white nationalist rally in Charlottesville, Virginia, he has found and “given [the business community] a recipe” for how to manage a positive relationship with the president, according to Sonnenfeld.

The CEO reportedly made a “good case” to Trump during the dinner meeting that it would be hard for Apple to pay tariffs while competing against its South Korean rival Samsung. Cook argued that the additional duties would be unfair in comparison to Samsung that does most of its manufacturing in South Korea.

Trump suggested that he delayed the 10% tariffs on laptops and cellphones because a majority of Apple’s final device assembly takes place in China.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jasmine kim
Keywords: news, cnbc, companies, recipe, tim, relationship, positive, president, apple, sonnenfeld, ceo, told, trump, yales, jeff, management, business, cook


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The lows are in and the market is headed higher, says strategist Jeff Saut

Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the stock market is headed “much higher.” I think they were made on Aug. 5 at 2,822,” Saut said. While Saut sees the market stalling for a few sessions, he said, “I don’t think any pullback is going to be that much.” On Tuesday, the Dow traded nearly 0.4% lower, falling for the first time in four days. Saut spoke to CNBC before the market opened.


Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the stock market is headed “much higher.” I think they were made on Aug. 5 at 2,822,” Saut said. While Saut sees the market stalling for a few sessions, he said, “I don’t think any pullback is going to be that much.” On Tuesday, the Dow traded nearly 0.4% lower, falling for the first time in four days. Saut spoke to CNBC before the market opened.
The lows are in and the market is headed higher, says strategist Jeff Saut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: jasmine kim
Keywords: news, cnbc, companies, nearly, nasdaq, strategist, headed, jeff, aug, higher, dow, think, market, sp, points, saut, 90, lows


The lows are in and the market is headed higher, says strategist Jeff Saut

Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the stock market is headed “much higher.”

The founder of Saut Strategy and former Raymond James chief investment strategist explained on “Squawk Box ” that the market bottomed on Aug. 5 with a “90% downside day, meaning 90% of the total volume traded came in on the downside. [Then, we] had another 90% downside day on Aug. 14.”

On Aug. 5, the Dow Jones Industrial Average plunged more than 767 points, or nearly 3%, and dropped as much as 961.63 points at one point. The S&P 500 declined nearly 3% and the Nasdaq Composite fell 3.5% after China allowed its currency to fall as retaliation against Trump’s latest tariffs.

A week later, on Aug. 14, stocks tanked again in the Dow’s worst performance of 2019 after the 10-year Treasury yield inverted and briefly fell below the 2-year yield, a move preceding every recession over the past 50 years. The Dow dropped 800 points, or 3%, which was the worst percentage drop of the year and fourth-largest point decline of all time.

“I think the lows were in. I think they were made on Aug. 5 at 2,822,” Saut said. “We came back and retested that area twice, and [we’ve] not been able to make a lower low.”

He said that since then, “[we’ve] had two almost 90% upside days. … The market might be a little bit ahead of itself on a very short-term trading basis. But the market’s going substantially higher.”

While Saut sees the market stalling for a few sessions, he said, “I don’t think any pullback is going to be that much.”

“We think it’s eventually headed much higher.”

Since Aug. 14, the Dow has recovered most of its 800-point drop and S&P 500 and Nasdaq have also regained most of the losses.

On Tuesday, the Dow traded nearly 0.4% lower, falling for the first time in four days. The S&P 500 slid 0.5%, and Nasdaq Composite pulled back 0.4%.

Saut spoke to CNBC before the market opened.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: jasmine kim
Keywords: news, cnbc, companies, nearly, nasdaq, strategist, headed, jeff, aug, higher, dow, think, market, sp, points, saut, 90, lows


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Ex-Time Warner CEO Jeff Bewkes says he has doubts about strategy that led AT&T to buy the company

When AT&T acquired Time Warner last year for $104 billion, the strategic rationale behind the deal was “vertical integration” — combining content and distribution within one company. As it turns out, the man who sold Time Warner to AT&T doesn’t think that’s sound strategy. In an exclusive interview with CNBC, ex-Time Warner Chief Executive Officer Jeff Bewkes said he doesn’t think vertical integration is necessary for either a content or a distribution company. Bewkes spoke about vertical integr


When AT&T acquired Time Warner last year for $104 billion, the strategic rationale behind the deal was “vertical integration” — combining content and distribution within one company. As it turns out, the man who sold Time Warner to AT&T doesn’t think that’s sound strategy. In an exclusive interview with CNBC, ex-Time Warner Chief Executive Officer Jeff Bewkes said he doesn’t think vertical integration is necessary for either a content or a distribution company. Bewkes spoke about vertical integr
Ex-Time Warner CEO Jeff Bewkes says he has doubts about strategy that led AT&T to buy the company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: alex sherman
Keywords: news, cnbc, companies, deal, extime, bewkes, buy, integration, distribution, vertical, led, jeff, strategy, warner, ceo, att, content, company, wireless, doubts


Ex-Time Warner CEO Jeff Bewkes says he has doubts about strategy that led AT&T to buy the company

When AT&T acquired Time Warner last year for $104 billion, the strategic rationale behind the deal was “vertical integration” — combining content and distribution within one company.

As it turns out, the man who sold Time Warner to AT&T doesn’t think that’s sound strategy.

In an exclusive interview with CNBC, ex-Time Warner Chief Executive Officer Jeff Bewkes said he doesn’t think vertical integration is necessary for either a content or a distribution company. While he didn’t speak to the AT&T-Time Warner deal specifically, Bewkes said limiting the number of people who can watch specific content by offering it only to those who sign up for a specific service is not optimal. Bewkes spoke about vertical integration in a CNBC interview about the rise and fall of AOL. He noted the same flawed ideas helped doom the AOL-Time Warner merger in the early 2000s.

“It’s not so much a question of whether a piece of content or content provider owns a distribution entity, because frankly there will always be multiple competing content developers and competing distribution outlets,” said Bewkes. “That means by definition that narrowing either the distribution for your content or narrowing the source of content for your distribution platform is a fairly suspect premise.”

Bewkes left Time Warner last year, days after AT&T won its case against the Department of Justice, which moved to block the deal on anti-competitive grounds. Bewkes sold Time Warner to AT&T after Rupert Murdoch’s News Corp. made a hostile bid for the company in 2014, an offer that was later withdrawn. Bewkes and the Time Warner board decided to sell Time Warner to AT&T for $107.50 per share, more than 26% higher than Murdoch’s $85-per-share offer.

As a pure wireless company, AT&T would not have been as focused on companies such as Netflix and Amazon. But AT&T acquired pay-TV distributor DirecTV in 2015 for $67 billion. That deal pushed AT&T further toward becoming a media company. AT&T CEO Randall Stephenson has since watched millions of customers cancel DirecTV’s satellite TV service as the quality of online viewing has improved. In part to hedge his DirecTV bet, Stephenson decided to acquire Time Warner.

AT&T’s vertical integration strategy centers on making its wireless product more appealing by offering exclusive or discounted content, while also being better positioned to innovate around mobile viewing by having the data on what customers are watching.

“I believe that if you don’t create a pure vertical integrated capability from distribution all the way through content creation and advertising models, you’re going to have a hard time competing,” Stephenson said in 2018.

AT&T is not the only telecommunications company to pursue vertical integration. Comcast acquired NBCUniversal in two deals in 2011 and 2013. While Comcast has largely kept NBCUniversal separate from its cable arm, AT&T has suggested it plans to eventually bundle a national wireless service with its streaming video services, which include AT&T Now and the soon-to-be-released HBO Max.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: alex sherman
Keywords: news, cnbc, companies, deal, extime, bewkes, buy, integration, distribution, vertical, led, jeff, strategy, warner, ceo, att, content, company, wireless, doubts


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Senators ask Jeff Bezos to explain how Amazon recommends products

Two high-profile Senate Democrats are asking Amazon for answers about its “Amazon’s Choice” badge, saying the recommendation engine could potentially be deceiving consumers into buying “inferior” products. “The badge may be misleading consumers into thinking the products that receive this distinction are the best available products, when in fact some of these products are of an inferior quality,” the senators said. In July, Rep. Frank Pallone, Jr. (D-NJ) and Rep. Jan Shackowsky (D-IL) asked Amaz


Two high-profile Senate Democrats are asking Amazon for answers about its “Amazon’s Choice” badge, saying the recommendation engine could potentially be deceiving consumers into buying “inferior” products. “The badge may be misleading consumers into thinking the products that receive this distinction are the best available products, when in fact some of these products are of an inferior quality,” the senators said. In July, Rep. Frank Pallone, Jr. (D-NJ) and Rep. Jan Shackowsky (D-IL) asked Amaz
Senators ask Jeff Bezos to explain how Amazon recommends products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: eugene kim
Keywords: news, cnbc, companies, asked, choice, amazon, program, recommends, tech, senators, jeff, bezos, amazons, review, recommendation, ask, badge, products, explain


Senators ask Jeff Bezos to explain how Amazon recommends products

Two high-profile Senate Democrats are asking Amazon for answers about its “Amazon’s Choice” badge, saying the recommendation engine could potentially be deceiving consumers into buying “inferior” products.

In a letter to Amazon CEO Jeff Bezos on Monday, Sen. Bob Menendez (D-NJ) and Sen. Richard Blumenthal (D-Conn.) asked for more clarity on how the Amazon’s Choice program works, citing a recent BuzzFeed report that showed it often endorses defective or poor quality items.

“The badge may be misleading consumers into thinking the products that receive this distinction are the best available products, when in fact some of these products are of an inferior quality,” the senators said.

The letter is the latest example of Washington’s growing concern of Big Tech, specifically regarding the control Amazon has over consumer behavior as more shopping activity moves online and to mobile devices. In December, Blumenthal wrote a letter to Bezos arguing that Amazon’s policy of blocking third-party sellers from offering lower prices on rival sites would “stifle market competition.” Three months later, Amazon removed that policy.

In July, Rep. Frank Pallone, Jr. (D-NJ) and Rep. Jan Shackowsky (D-IL) asked Amazon to address the widespread “fraudulent and deceptive” review problem on its marketplace. And last week, a group led by Menendez asked Amazon to better enforce its policy of banning gun-related product sales, following a Washington Post report that found sales of those products on its site.

Amazon introduced Amazon’s Choice in 2015, creating a recommendation program that places a badge next to select “highly rated, well-priced” products, according to the company. The program has faced scrutiny lately, with multiple reports raising questions about how the recommendation engine works and why it’s endorsing products of poor quality.

The senators asked for a “detailed explanation” on the selection process for the Amazon’s Choice badge, including the algorithm used to make the determination and whether employees actually review each item before assigning the distinction. They’re also asking what Amazon is doing to verify user reviews, which could affect what products get the badge, and if any financial compensation is involved in the process.

In addition to increased lawmaker interest in Amazon’s power, the company is facing antitrust investigations in both the U.S. and EU. In July, the EU’s Competition Commission announced a formal antitrust probe into Amazon over its use of third-party seller data. The U.S. Justice Department then said it was opening a review of several giant tech companies, which likely includes Amazon.

Amazon didn’t respond to a request for comment.

WATCH: Kara Swisher isn’t holding her breath on Big Tech regulation


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: eugene kim
Keywords: news, cnbc, companies, asked, choice, amazon, program, recommends, tech, senators, jeff, bezos, amazons, review, recommendation, ask, badge, products, explain


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Amazon CEO Jeff Bezos has sold roughly $2.8 billion worth of stock in the last week, new filings show

China fires biggest warning shot yet in trade war and now it’s up…China added its currency to the weapons it is willing to use in the trade war, and now it’s up to President Trump to make the next move. Market Insiderread more


China fires biggest warning shot yet in trade war and now it’s up…China added its currency to the weapons it is willing to use in the trade war, and now it’s up to President Trump to make the next move. Market Insiderread more
Amazon CEO Jeff Bezos has sold roughly $2.8 billion worth of stock in the last week, new filings show Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: eugene kim
Keywords: news, cnbc, companies, roughly, movemarket, bezos, trade, president, shot, filings, ceo, warning, trump, willing, billion, weapons, worth, jeff, upchina, war, sold, stock, week


Amazon CEO Jeff Bezos has sold roughly $2.8 billion worth of stock in the last week, new filings show

China fires biggest warning shot yet in trade war and now it’s up…

China added its currency to the weapons it is willing to use in the trade war, and now it’s up to President Trump to make the next move.

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: eugene kim
Keywords: news, cnbc, companies, roughly, movemarket, bezos, trade, president, shot, filings, ceo, warning, trump, willing, billion, weapons, worth, jeff, upchina, war, sold, stock, week


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Why the coming sabbatical of Amazon’s Hollywood chief has Wall Street on edge

In March, four months before Amazon’s Jeff Blackburn announced that he was taking a year-long sabbatical from the company, the executive was asked to address a key business question during an all-hands staff meeting. Blackburn, a senior vice president and member of CEO Jeff Bezos’s exclusive S-Team, oversees Amazon’s video-streaming service, which is shelling out billions of dollars to outbid Netflix and others for exclusive content. An employee asked Blackburn if top executives still believed t


In March, four months before Amazon’s Jeff Blackburn announced that he was taking a year-long sabbatical from the company, the executive was asked to address a key business question during an all-hands staff meeting. Blackburn, a senior vice president and member of CEO Jeff Bezos’s exclusive S-Team, oversees Amazon’s video-streaming service, which is shelling out billions of dollars to outbid Netflix and others for exclusive content. An employee asked Blackburn if top executives still believed t
Why the coming sabbatical of Amazon’s Hollywood chief has Wall Street on edge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: eugene kim
Keywords: news, cnbc, companies, chief, asked, amazons, coming, blackburn, jeff, exclusive, edge, work, wall, vice, hollywood, sabbatical, prime, video, videostreaming, street


Why the coming sabbatical of Amazon's Hollywood chief has Wall Street on edge

Senior Vice President of Business Development at Amazon Jeff Blackburn (R) and Anne Blackburn attend the The IMDb Dinner Party at the Sundance Film Festival presented by Dolby on January 28, 2019 in Park City, Utah.

In March, four months before Amazon’s Jeff Blackburn announced that he was taking a year-long sabbatical from the company, the executive was asked to address a key business question during an all-hands staff meeting.

Blackburn, a senior vice president and member of CEO Jeff Bezos’s exclusive S-Team, oversees Amazon’s video-streaming service, which is shelling out billions of dollars to outbid Netflix and others for exclusive content. An employee asked Blackburn if top executives still believed those investments make sense.

“Is the executive team — the S-team — behind it?” Blackburn rhetorically asked in response. “Absolutely. There was a breakthrough year in 2018 in terms of just Prime member engagement with our Prime originals.”

At the meeting, a recording of which was obtained by CNBC, Blackburn went on to praise the video team’s work, including the writers of the upcoming “Lord of the Rings” series that reportedly cost Amazon $250 million for exclusive rights. He also explained how much he loved talking about Amazon’s Prime Video service, saying he could “do it for a long time.”

That was then. In an email announcement to employees on Wednesday, Blackburn said he was taking a year off, citing burnout after over two decades of nonstop work, including the last seven as the prime architect of its video-streaming effort. Critically, Blackburn will no longer be a part of the video team’s plan for 2020, a year that promises to the be the most competitive yet for the industry with Disney, Apple, and Comcast’s NBCUniversal all slated to launch new video-streaming apps. HBO and Netflix, meanwhile, are getting even more aggressive.

“Blackburn’s sabbatical could not come at a worse time for Bezos & Co.,” said Dan Ives, an analyst at Wedbush Securities, in an email to CNBC. “They lose a key cog in the wheel during his absence.”


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: eugene kim
Keywords: news, cnbc, companies, chief, asked, amazons, coming, blackburn, jeff, exclusive, edge, work, wall, vice, hollywood, sabbatical, prime, video, videostreaming, street


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Jeff Bezos sells $1.8 billion worth of Amazon stock in three days

Trump tariff threat pushes up chance for Fed rate cuts as… If President Donald Trump proceeds with new tariffs on China, he may very well get the deeper rate cuts he is seeking from the Fed but also odds of a recession will rise. Market Insiderread more


Trump tariff threat pushes up chance for Fed rate cuts as… If President Donald Trump proceeds with new tariffs on China, he may very well get the deeper rate cuts he is seeking from the Fed but also odds of a recession will rise. Market Insiderread more
Jeff Bezos sells $1.8 billion worth of Amazon stock in three days Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: lauren feiner
Keywords: news, cnbc, companies, worth, bezos, threat, amazon, sells, rate, seeking, recession, trump, fed, tariff, stock, days, risemarket, 18, jeff, tariffs, cuts, billion


Jeff Bezos sells $1.8 billion worth of Amazon stock in three days

Trump tariff threat pushes up chance for Fed rate cuts as…

If President Donald Trump proceeds with new tariffs on China, he may very well get the deeper rate cuts he is seeking from the Fed but also odds of a recession will rise.

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: lauren feiner
Keywords: news, cnbc, companies, worth, bezos, threat, amazon, sells, rate, seeking, recession, trump, fed, tariff, stock, days, risemarket, 18, jeff, tariffs, cuts, billion


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Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave

(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California. Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC. Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees


(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California. Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC. Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees
Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eugene kim
Keywords: news, cnbc, companies, business, ceo, head, prime, taking, svp, leave, executive, advertising, 1year, video, amazon, executives, amazons, blackburn, entertainment, jeff


Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave

(L-R) Actor Casey Affleck with his award for best actor in ‘Manchester By The Sea’ and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California.

Jeff Blackburn, Amazon’s SVP of business and corporate development, is taking a one-year leave in 2020, Amazon’s representative told CNBC.

Blackburn, who joined Amazon in 1998, is one of the most senior executives at the company and a close advisor to CEO Jeff Bezos. He oversees a number of businesses, including Amazon’s video streaming and advertising units. Geekwire was first to report the news about his sabbatical.

Amazon’s spokesperson confirmed his leave in an email statement sent to CNBC.

“Jeff Blackburn has decided to take a one year sabbatical with his wife and extended family following more than 21 years at Amazon, leading everything from our third party business, to Prime Video, Amazon Studios, Amazon Music, and Amazon Advertising. Jeff’s sabbatical will begin in early 2020, and we look forward to welcoming him back in 2021,” Amazon’s spokesperson said.

Blackburn’s leave is significant, given how he’s been one of the longest-serving executives at the company. He was often mentioned as one of the top candidates to succeed Bezos, if the CEO chooses to step down one day.

It’s also the latest high-profile change in Bezos’s S-team, his tight knit group of senior executives that see very little turnover. Last year, SVP of marketplace Sebastian Gunningham left for WeWork, while SVP of international business Diego Piacentini decided not to return to Amazon after taking a two-year leave.

Blackburn currently owns 71,000 Amazon shares, which is worth roughly $132.5 million. Among S-team members, only AWS CEO Andy Jassy, who owns 93,000 shares, has a larger ownership stake.

In 2017, during a rare on-stage interview with CNBC’s Julia Boorstin at a Vanity Fair event, Blackburn explained Amazon’s decision to strike a streaming deal with the NFL to carry Thursday night games for Prime subscribers. Viewers got the option of choosing between the Fox broadcast with Joe Buck and Troy Aikman as commentators, or a separate stream featuring an all-female duo of Andrea Kremer and Hannah Storm.

“For us in live sports, it’s a content type that Prime members care about and they’ve told us they want that,” Blackburn said at the event. “We’ve looked all different kinds of things all over the world. We actually have been for a while.”


Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eugene kim
Keywords: news, cnbc, companies, business, ceo, head, prime, taking, svp, leave, executive, advertising, 1year, video, amazon, executives, amazons, blackburn, entertainment, jeff


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