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The Dark Truth About Jeff Bezos - YouTube
Channel: Grunge
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with an estimated net worth of roughly
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190 billion dollars amazon founder and
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former ceo jeff bezos is the richest
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person in the world by a significant
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margin however bezos hasn't earned all
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that money by being a nice guy
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here's the dark truth about jeff bezos
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when people discuss jeff bezos a
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recurring theme seems to be his
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insistence on holding all the strings he
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can reach bezos stepped down as amazon's
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ceo in july 2021 but his former
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employees and critics have had things to
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say about his tenure in an interview
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with cbs news noel tishi from the
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university of michigan described bezos
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as a quote control freak and amazon as a
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one-man show business insider tells the
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story of former amazon engineer steve
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yaeggy who went even further by saying
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jeff bezos made ordinary control freaks
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look like stoned hippies
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bezos seemed to be fairly unapologetic
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about this and was known to tell his
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employees that they should pay him to
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work at amazon yaeggi did admit that
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bezos's tendency to micromanage was
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overshadowed by the fact that he's
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extremely smart and often far ahead of
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his time however that didn't make things
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any easier for his employees in 2002 the
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ceo suddenly demanded that all his
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engineering teams must rebuild their
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systems from the ground up to build
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amazon into a platform where every
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system was compatible and that outside
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developers could easily access he also
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promised to fire every single person who
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couldn't pull off this massive
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undertaking
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to say jeff bezos was not the world's
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most softly spoken boss is like saying
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that the lemon is not the sweetest fruit
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in his book the everything store author
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brad stone describes bezos's tendency to
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go ballistic when employee didn't meet
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his standards the billionaire had an
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array of hyperbolic and harsh insults he
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spewed at the unfortunate targets of his
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ire with such anger that a blood vessel
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bulged on his head some of these attacks
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were more or less understandable such as
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when someone tried to blatantly bluff
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their way through a situation or
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attempted to take credit for someone
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else's work however an amazon employee
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could get chewed out for any number of
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reasons including internal politics or
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simply not having all the right answers
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straight away
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for a man who the atlantic estimates
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would have to spend 28 million dollars a
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day in 2018 just to avoid getting richer
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jeff bezos appears to have a strange
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relationship with charity
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bgr describes how he took to twitter in
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2017 to ask people what he should do to
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be a philanthropist then in a 2018
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interview with matthias doofner he
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states that the only way he can see to
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use his wealth is to spend it on his
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space company blue origin
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out of the four richest americans which
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includes bezos elon musk bill gates and
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mark zuckerberg aol says bezos is the
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most elusive about charity despite being
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number one he's also the only one of the
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four who hasn't signed the giving pledge
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the commitment many of the world's
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wealthiest people make to use the
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majority of their resources for good
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causes in all fairness bezos has made
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some charitable donations over the years
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in 2020 cbs news reports he launched the
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bezos earth fund to help fight climate
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change with a 10 billion dollar gift and
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gave a hundred million dollars to the
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feeding america kovit 19 response fund
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in 2018 he started the day one fund
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which aims to devote two billion dollars
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to address homelessness and education
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issues however vox points out that the
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initiative is uncharacteristically vague
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and potentially ineffective for a bezos
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effort and recode even wondered whether
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the world's richest person would be so
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generous if he wasn't under such intense
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scrutiny even if the day one fund is
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ultimately successful and whatever its
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mission is it's still peanuts compared
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to the 41.3 billion dollars that the
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significantly less wealthy bill gates
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gave in charitable donations between
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2000 and 2016.
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few people like paying taxes but even
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fewer could compare to jeff bezos and
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how frankly he speaks about his hard
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work to dodge them according to fortune
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bezos famously decided to found amazon
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in washington state instead of the hot
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tech hub of california i was perfectly
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happy to admit that he did it to dodge
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california's sales taxes at one point
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bezos even considered planting amazon at
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a native american reservation in
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california where would have been exempt
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from state sales tax
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this was just the beginning of amazon's
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natural aversion to tax paying for the
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next 20 years the company carefully
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avoided sales taxes in the majority of
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other states too this gave it a price
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advantage over traditional book
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retailers and helped it to establish a
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strong foothold in e-commerce as the
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atlantic points out amazon's attitude
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towards taxes hasn't exactly changed
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through the years as a massive economic
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player it's able to parlay governments
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and states for billions and billions of
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tax deductions in 2017 the company made
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5.6 billion dollars in pure profit and
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in 2018 cnbc reported a profit of 11
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billion dollars yet amazon paid no
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federal income taxes whatsoever as a
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major shareholder this policy directly
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benefited bezos who naturally commanded
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a fairly small salary meaning nearly all
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of his income was subject to capital
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gains taxes which maxed out at just 20
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percent instead of the 37 top rate on
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regular income
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in late 2017 amazon announced that it
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wanted to pick a location for its new
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hq2 headquarters and began graciously
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accepting offers from cities all over
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the usa many of the offers were
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ridiculously generous basically a
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competition to see who could give away
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enough freebies to lure amazon in
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mcleans reported that many jumped at the
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chance to get the corporate juggernaut
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in their backyard chicago offered to
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direct 1.32 billion of the income taxes
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paid by amazon workers back to the
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company itself newark's bid included
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over 7 billion dollars in assorted tax
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benefits maryland's package of
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incentives and tax exemptions totaled
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8.5 billion dollars and they even named
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their program promoting extraordinary
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innovation in maryland's economy just to
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shoehorn in the acronym prime
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new york and virginia won the bidding
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war but according to in these times
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everyone involved actually lost saying
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that neither location was likely to
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bring the promised 50 000 jobs and 5
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billion dollars in investment in the
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region in fact in 2019 amazon halted
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their new york plans due to local
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opposition all we asked was that they'd
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be a good neighbor and be part of the
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community and clearly they weren't ready
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to do that
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and while plans are still underway in
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virginia amazon has estimated only
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around 25 000 new jobs over the next
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decade for the new headquarters
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when amazon was starting out many small
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publishers welcomed this new way of
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distribution with open arms
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unfortunately they didn't quite realize
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what they were signing up for the
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everything store reveals that jeff bezos
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doesn't think too highly of the
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publishing business and views the
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industry as a helpless animal just
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waiting for a predator when the smaller
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publishers started becoming more and
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more dependent on amazon for sales the
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company suddenly started playing
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hardball demanding more favorable
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contract terms in ways that the
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everything store calls straight up
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sadistic this treatment was courtesy of
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the former ceo himself as bezos had
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ordered his employees to approach these
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small publishers the way a cheetah would
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pursue a sickly gazelle
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as a result of this mandate some amazon
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executives took such sadistic pleasure
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and abusing publishers that the
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company's lawyers started feeling a
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little worried about the situation
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eventually they stepped in and demanded
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that amazon rename its publisher abusing
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business program from the gazelle
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project to the more corporate friendly
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small publishers negotiation program
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when your lawyers have to calm you down
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you know you've maybe gone too far
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to shape amazon according to his vision
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jeff bezos created the leadership
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principles among other things these 14
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rules required workers to obsess over
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customers accomplish more with less and
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make speedy decisions while maintaining
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quote relentlessly high standards if
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that sounds unrealistic many employees
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have agreed the new york times describes
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how workers toiled over projects without
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sleeping for four days in a row paid
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freelancers in india to help them keep
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up with data entry and spend vacations
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at starbucks using the free wi-fi to get
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work done this sort of ruthless
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corporate culture can lead to health
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issues which the company has been less
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than sympathetic about amazon has
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reportedly cast aside workers who can't
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perform to the company's borderline
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impossible expectations regardless of
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the reason behind their so-called
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incompetence even workers who have
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suffered cancer miscarriages or other
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life-altering personal crises can be
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evaluated unfairly or quote managed out
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the company even gave an insanely hard
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time to the people who could actually
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cope with the pressure
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ex-employee chris brucia tells a story
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about a particularly punishing
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performance review in 2012. his boss
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eviscerated him with a 30 minute lecture
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on all his faults and every goal he had
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failed to meet just when brucia was
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certain his amazon career was at an end
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his boss hugged him and informed him
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that he was in fact being promoted
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jeff bezos was a mighty ceo and is a
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noted tech industry power player but as
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market watch describes there's also a
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whole lot about him that's ripe for
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comparison with a comic book super
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villain apart from having the same
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hairstyle as lex luthor he has money to
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burn and the control of a globally
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influential media institution uh well
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these are these are you know
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sticky balls they're obviously they work
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that's great that's very impressive
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his penchant for developing a fleet for
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space exploration is another take on the
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checklist as is one of his stranger
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vanity projects a 500 foot tall
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thermally powered 10 000 year clock that
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he's embedding in a mountain for reasons
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that remain his own bezos even has the
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melodramatic laugh to go with the
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classic villain image as inc points out
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the billionaire is known for his loud
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honking laughter you generally hear him
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before you see him
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on january 9th 2019 jeff bezos announced
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on twitter that he and his wife of 25
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years mackenzie bezos were divorcing
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[Laughter]
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according to usa today an extramarital
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affair may have something to do with the
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divorce as multiple tabloids claim bezos
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had developed a relationship with former
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tv anchor lauren sanchez some even
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released private photos and messages in
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which bezos was said to flaunt his
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strangely robotic sexting skills
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allegedly writing i love you live girl i
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will show you with my body and my lips
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and my eyes very soon
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bezos divorce announcements strongly
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indicated that the separation was
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amicable and the two exes will remain
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friends in july 2019 a settlement was
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reached with mackenzie receiving 38
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billion dollars over the next two years
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she donated billions to charities across
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a variety of sectors in stark comparison
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to her ex-husband's record of charitable
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giving in 2021 mackenzie married science
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teacher dan jewett in a statement jeff
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bezos wished the newlyweds well saying
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dan is such a great guy
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the warehouse is rarely the most
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luxurious place of employment in any
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company but things are really bad when
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people are peeing in water bottles and
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comparing the work environment to prison
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life in an amazon warehouse involves
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both of those things and many more in
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2016 author james bloodworth went
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undercover in an amazon warehouse to
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research for a book and soon discovered
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that the job was so hectic that he
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didn't have enough time to eat or drink
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properly the atmosphere reminded him of
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prison and the airport style security
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checks and oppressive point-based
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management added to the image some of
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the employees even peed in bottles and
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left them on the shelves because their
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performance targets were so high that
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they didn't have time to take a bathroom
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break while amazon denied many of
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bloodworth's claims and has since
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stopped using the employment agency that
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hired him due to its questionable
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policies other warehouse workers have
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repeated the writer's claims according
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to multiple reports by wired business
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insider the guardian the new york times
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and newsweek warehouse employees still
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urinate in bottles and even trash cans
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due to time constraints i found an empty
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coca-cola bottle with with urine in it
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on the shelf
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the workers also say that many of the
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problems bloodworth reported persist the
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targets are too high surveillance is
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constant the pay is inadequate and
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workplace injuries are depressingly
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