Jeff Bezos

The Three Most Powerful Men In American Business Can’t Figure Out Why No One Wants This Terrible Job They Created

Question: Who wants to run a brand-new healthcare company in modern America while working for Jeff Bezos, Warren Buffett and Jamie Dimon simultaneously? Did you answer “Nobody smart”? Because you’d be right! Take it away, CNBC: Almost four months ago, Amazon, Berkshire Hathaway and J.P. Morgan Chase announced a bold new partnership aimed at bringing down the costs of health care.But ABC, as the group is known, has encountered a surprising challenge filling the CEO spot. “Wow,” the most potentially awful job in the world of business remains empty, and the men who created it are flummoxed as to why. Berkshire CEO Warren Buffett said at the company’s investor meeting earlier this month that the consortium hoped to have a CEO “within a couple of months.” We get that Buffett and his new partner...

Amazon Is Building Elon Musk’s Immortal Robot Dictator And Its Name Is ‘Vesta’

I’m a guy who’s fond of quoting himself, because nothing says “narcissist” like someone who habitually refers to things they’ve said in the past and assigns undue profundity to them. As the President of the United States (in)famously put it, “I’m speaking with myself, number one, because I have a very good brain and I’ve said a lot of things.” I too like to think I “have a very good brain” and I have most assuredly “said a lot of things.” Here’s one of the “things I’ve said”: It was (and is) ridiculous to assume that we’re going to simply transition seamlessly to a world where Jeff Bezos serves your healthcare needs, provides you with retail banking services, gets you a mortgage, sells you drugs covered by the health insurance he also sold you, and delivers those drugs to your home that he...

The President Is Just Doing Some Light Securities Fraud

Donald Trump’s overt campaign against Amazon and its CEO Jeff Bezos continued apace today as the actual President of The United States took to Twitter once again in an attempt to foment public outrage against a private company. I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne by the American Taxpayer. Many billions of dollars. P.O. leaders don’t have a clue (or do they?)! — Donald J. Trump (@realDonaldTrump) April 3, 2018 Trump also took advantage of some White House camera time to repeat his new favorite – and not entirely factual – statistic that the USPS loses $1.50 on every package it ships for Amazon. The man behind that figure, Citi analyst Christian Wethe...

Welcome To Q2: Of Tesla, Amazon, ‘Caravans’, Trade And ‘Very Good Brains’

Welcome to Q2, during which traders who might have been in high school for Lehman will attempt to come to terms with the sudden reemergence of volatility and with the reality of two-way markets more generally. If you took a break from the news cycle over the weekend, good for you. But you should know that while you were giving your “very good brain” some much needed respite, someone else’s “very good brain” was imagining that Amazon is running a “scam” on the Post Office. That’s not great news for the shares which are coming off their second consecutive week with losses of 3% or more. As noted in these hallowed pages on Thursday, one thing U.S. equities do not need amid the Facebook drama and in the midst of ongoing trade jitters is a hobbled Amazon that’s taking fire every morning in the ...

To Clip Bezos’ Wings, Trump Would Have To Be Better At His Job

President Trump slammed Amazon on Twitter Thursday morning, a day after the stock slid following reports that the President is “obsessed” with the company and looking for ways reign in the e-commerce giant. “I have stated my concerns with Amazon long before the Election,” he tweeted. “Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” The stock is down close to 6% since Wednesday’s open, but investors fleeing the stock are not thinking clearly about what the president could unilaterally do to dampen Amazon profits. Though President Trump has proven to be a formidable political force, able to change the opinions of tens of...

If Jeff Bezos Doesn’t Stop All This ‘Winning’, Donald Trump Might Just Have To Tank The Stock Market

Speaking of train wrecks … Donald Trump. On Monday afternoon, America’s windmill-tilting orange leader took to Twitter to put the presidential stamp of approval on a blockbuster day for stocks, seemingly oblivious to the fact that the gains came on the heels of the worst week for U.S. equities since January 2016. Last week’s egregious losses were of course the direct result of the administration’s decision to slap (more) tariffs on China, an effort that effectively enshrines Peter Navarro’s view on global trade and commerce into U.S. economic policy. On Tuesday, stocks reversed Monday’s rebound as the vaunted FANG contingent suffered through its worst session on record (click to enlarge): Given how Trump is increasingly prone to leaning on the stock market when it comes to “evidence” of hi...

Todd Combs May Not Be CEO Material But Is Demonstrating Prophetic Tendencies

(JPMorgan Chase) Todd Combs does not appear in line to succeed Warren Buffett at the helm of Berkshire Hathaway. This, of course, is because no one man (but possibly one woman) could possibly replace the Oracle of Omaha. It will take at least three and possibly many more: Buffett’s son Howard will succeed his father as chairman, Greg Abel or Ajit Jain will take over as CEO, and Combs and Ted Wechsler will manage the stock portfolio. It’s just that Combs seems to do quite a bit more than simply buy and sell stocks. He just happens to sometimes have the guy whose company Buffett wants to pay more than he ever has for anything else in his office at the right time. Things like that. So when the boss was casting around for the right guy to pitch his crazy idea about completely rejiggering the A...

Jeff Bezos Wants To Send Amazon Prime To Your Home…The One He Owns The Mortgage On

At this point, Amazon’s world domination plans have become something of a standing joke, the only problem being that with every new industry the company steps into, there are by definition fewer people laughing. Bad shit is always funny until it happens to you and there’s a creeping suspicion in corporate board rooms across the country that no industry is safe from deflationary supernova (and man whose female alter ego is now giggling at you at random times for no reason) Jeff Bezos. Headed into 2018, there wasn’t much Jeff couldn’t sell you. And although his designs on taking over the pharmacy business are still in the early stages, it probably won’t be long before he’s a licensed drug dealer which, when you take into account Prime Air,  means you’ll soon be able to ask Alexa if she can h...

Jeff Bezos Has Been Hanging Out With Jamie Dimon So Amazon Is Going To Be A Bank Now

Do you think your business is safe from Jeff Bezos? Well guess what? Your business is not safe from Jeff Bezos. It was just a little over a month ago when the health care industry was put back on notice that the Amazon threat was not in fact going away when, seemingly out of the clear blue sky, Bezos, Buffett, and Dimon announced they would be teaming up on a on a way to offer health care services to their employees. The details on that are still sparse, but last week, in his interview with CNBC’s Becky Quick, Buffett served notice that although “a miracle” isn’t likely, the trio is aiming for something more than simply trimming healthcare costs by a few bucks. “It isn’t difficult to shave a little bit off here,” he said, adding that “the question is whether we can come up with something b...

Jeff Bezos, Who Is Not A Super-Villain, Is Building A Giant Clock Inside A Mountain, Because He’s NOT A Super-Villain

So sure, Jeff Bezos has made himself the wealthiest person in the world by building a massive company designed to enter users’ everyday lives and then use that market share to systematically disrupt and destroy whole industries. And yeah, he’s created a cloud data storage behemoth that now holds an unfathomable amount of digital personal information, purchased a major national newspaper, opened a movie studio, built his own space rockets and transformed his body into a bald, shredded killing machine. But he’s not a comic book super-villain come alive, you guys, that’s a crazy suggestion! To be an actual real-life super villain, he’d have to go do some bizarre mega-project in some remote part of the world and pretend that he wasn’t building his new super-secret lair… Installation has begun—...

Jeff Bezos Officially Tires Of Propping Up The Global Shipping Industry

Like television, publishing and the entire retail industry before them, companies like UPS, FedEx and DHL are about to feel the wrath of Jeff Bezos’ wandering eye… Amazon.com Inc. is preparing to launch a delivery service for businesses, positioning it to directly compete with United Parcel Service Inc. and FedEx Corp.Dubbed “Shipping with Amazon,” or SWA, the new service will entail the tech giant picking up packages from businesses and shipping them to consumers, according to people familiar with the matter. Striking mortal fear in business sectors en masse has become Bezos’ most fun superpower. And the Seattle Sorcerer has come to clearly define his plan of attack on industries that he deems ready to be destroyed. After slowly letting everyone see that he can easily do something better ...

Buffett, Bezos And Dimon Are The Traveling Wilburys Of Capitalist Social Justice Warrior Billionaires

Well, if the healthcare industry didn’t have enough uncertainty on its plate (it did), it got served a pipin’ hot helpin’ of “what the actual fuck is this?!” on Tuesday morning when Amazon, Berkshire and JPMorgan said they’re planning on teaming up on a way to offer health care services to their employees. What does that even mean? Well, that’s part of the problem for the likes of  UnitedHealth, CVS and McKesson, which all fell sharply in the pre-market on the headline: See the thing is, whatever industry you happen to be in, just about the last thing you want to hear is that Jeff Bezos is thinking about postin’ up on your block, because if he does, your hustle is over. Whatever it is you were selling, Jeff’s going to sell it cheaper and deliver it more efficiently and that goes for everyt...