Friday, August 5, 2016

Jeff Bezos, Founder And CEO Of Amazon Just Sold A Boatload Of Amazon Stock

Its a creamy nice payday for Jeff Bezos.

Amazon reports that, in his most valuable stock sale ever, the Amazon founder and CEO sold about 1 million shares of his company this week. That's more than $755 million worth of stock.

The sale itself is routine; Bezos sells a huge number of shares every year on a predetermined schedule — but the sheer bounty is pretty extraordinary.

Amazon just posted its third-straight record-breaking earnings, and the stock is up almost 44% since his last big sale, according to Yahoo Finance.

Read more.

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