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Jeff Bezos Stepping Down As Amazon CEO

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  • JonGaltIII
    edited February 2021
    Given that he’s assuming the Chairman title and still retains over 10% of the stock, it should not impact the stock one bit. Not one bit.

    Actually... something even more impactful... the groundhog just saw his shadow which means six more weeks of winter.
  • msf
    "the groundhog just saw his shadow which means six more weeks of winter. "

    THE groundhog? If we're talking prognosticators, shouldn't we go with the better track record?
    It turns out Staten Island Chuck is, on the whole, more reliable than Phil of Punxsutawny, if you look at the past years data:

    How Often Are Our Local Groundhogs Right?
    Based on 24 predictions since 1992, as measured against data from the National Climate Data Center

    [Bar Chart]      Punxsutawney Phil 43%      Staten Island Chuck 65%
    https://gothamist.com/arts-entertainment/data-staten-island-chuck-or-punxsutawny-phil-which-groundhog-is-historically-more-accurate

    "Staten Island Chuck claimed that spring is imminent." But there are allegations of fake news: "Chuck's prognostication was suspiciously made in a pre-taped Staten Island Zoo video."

    Since this is an investing site and predictions seem to be the subject, one must consider the Super Bowl indicator. Clearly the Chiefs represent the AFC. But what about the Buccaneers? For its first season the team was in the AFC. Does that mean it's a sure bet that the market will fall this year (since there's arguably no team originally from the NFC)?

    Not so fast. The accuracy of this indicator goes down as attendance declines. With the pandemic, attendance (excluding cutouts) will be the lowest ever.
    https://www.thestreet.com/investing/does-the-super-bowl-indicator-work

    Lies, darn lies, and statistics.
  • LewisBraham
    @JonGaltill You’re probably right. It won’t matter because the truth is most CEOs don’t matter and most great ostensibly world shaking Ayn Randian “heroes” don’t matter as it is really their employees who do all the work and produce all the real value at corporations while CEOs take all the credit. So true that.
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