Amazon hiking its minimum wage to $15 per hour – a “feel good” story that was praised by everybody and that even brought enemies like Donald Trump and Bernie Sanders together – appears to be nothing more than another self-serving ploy by the world’s largest online retailer to not only bolster its staff for the […]
Amazon Ends Stock, Bonus Awards to Pay for Raises…
“We Listened to Our Critics” – Amazon Hikes U.S. Minimum Wage to $15/Hour…
If Bernie Sanders was trying to get under Amazon CEO Jeff Bezos’ skin, it appears he has succeeded. With Sanders’ “Stop BEZOS” act threatening to tax companies like Amazon to compensate for the government benefits that their employees collect, the company has instead opted to raise wages for more than 100,000 employees, the Wall Street […]
European Antitrust Authorities Probe Amazon…
The top antitrust regulator in the European Union said Wednesday she is investigating Amazon’s relationship with independent merchants it hosts on its platform. Why it matters: If this were to turn into a formal investigation, it would represent a major headache for Amazon, as it faces allegations that it has unfair dominance over the market. […]
Was the Pentagon’s Cloud Computing Project Rigged?…
At what point does lobbying cross over into the realm of crony capitalism and rigging the system? That’s a question many tech companies and the U.S. Congress are asking amid concerns that the bidding process for the Department of Defense’s cloud computing project has been fixed in favor of Amazon. The controversy began when the […]
Bernie Sanders to Billionaire Jeff Bezos: ‘Pay your workers a living wage’…
One particular salary has irked Sen. Bernie Sanders: He cites Amazon founder Jeff Bezos makes $275 million a day, this according to Time magazine. “Jeff Bezos has so much money that he says the only way he could possibly spend it all is on space travel. Space travel. Have you ever heard of such a […]
Hundreds of Washington Post Employees Slam Jeff Bezzos for ‘Shocking Pay Practices’…
More than 400 employees of The Washington Post have signed on to a public letter to owner Jeff Bezos asking him to remedy working conditions at the newspaper, after more than a year of unsuccessful negotiation with upper management. ‘All we are asking for is fairness for each and every employee who contributed to this […]
Senators Ask Jeff Bezos Just How Many Complaints Amazon’s Received About Eavesdropping Echoes…
Lawmakers in the U.S. have taken a greater interest in the failures of tech companies lately but most of the focus has been on Facebook and Google while Jeff Bezos has been busy making a reported $230,000 a minute. Now it’s Amazon’s turn in the barrel. On Thursday, Senators sent a list of questions regarding […]
People Outraged After Amazon Found to Secretly Profit from “Unethical And Illegal” Chinese Sweatshops…
Amazon founder and CEO Jeff Bezos recently became the world’s wealthiest man. While, Bezos’ fortune is mostly tied to Amazon’s inflated stock price trading at a nosebleed price/earnings ratio of approximately 265, with a market cap around $811 billion (as of June 08), many questions remain as to just how did Bezos manage to become […]
Is Anyone Surprised?: Jeff Bezos’ Whole Foods Halts Plan to Require Mandatory GMO Labeling…
Nearly a year after being acquired by Amazon, health food retailer Whole Foods is quietly putting the brakes on its plan to require food suppliers and stores to label foods containing genetically modified organisms (GMOs). A spokesperson for Whole Foods told FOX Business that the company is pushing back the deadline for its mandatory GMO […]
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