Jeff Bezos has sold a total of 50 million Amazon shares during the past two weeks, bagging roughly $8.5 billion in cash, according to securities filings.The 60-year-old e-tailing tycoon unloaded more than 14 million shares on Tuesday for about $2.37 billion — after selling 36 million Amazon shares in three transactions last week, according to a Securities and Exchange Commission filing earlier reported on by CNBC.The four sales were executed under a prearranged trading plan that Bezos disclosed earlier this ...

When you imagine booking a camping trip on Airbnb, you might have visions of glamping under the stars in a luxurious bell tent.Perhaps there’s even a rustic hot tub waiting for you to take a dip, before you cozy up by a crackling fire, marshmallow stick in hand.But then, as you scroll through the listings, eager to make this dream a reality, you stumble upon an Airbnb offering that brings you crashing back down to earth. Titled “Large Tent Near The Beach,” this listing promises an experience far removed fro ...

Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday.Her pay was comprised of a base salary of $1.5 million, cash bonus of $3.7 million and $20.8 million in deferred performance-linked stock, according to the filing.Fraser’s compensation was determined by her execution of “the most consequential set of changes to its organizational and management model since the 2008 financial crisis” and the sale of international ...

Google has lately taken “several brazen high-profile actions” to expand the monopoly of its search engine – thumbing its nose at regulators even after its landmark antitrust trial with the Justice Department began last fall, watchdog groups warned in a Tuesday letter to the feds.The letter, which was sent to FTC chief Lina Khan and the DOJ’s top antitrust lawyer Jonathan Kanter and obtained exclusively by The Post, asserted that Google is still moving “full steam ahead” with anticompetitive practices despit ...

Disney CEO Bob Iger got an earful from African-American staffers at ABC News over the parent company showing a lack of support for embattled division chief Kim Godwin, according to a report.During a lunch last February, Iger sought to reassure the black staffers that he and Disney Entertainment co-chair Dana Walden were “invested in her success,” The Wall Street Journal reported over the weekend, citing people familiar with the matter.Godwin — who was the first black person to run a network news division wh ...

NEW YORK/WASHINGTON — Capital One, a US consumer lender backed by Warren Buffett, said on Monday that it will acquire credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion.The tie-up, which will combine two of the largest US credit card companies, aims at building “a payments network that can compete with the largest payments networks and payments companies,” Richard Fairbank, chairman and CEO of Capital One, said in a statement.Visa, Mastercard, and American Ex ...

Capital One, an online consumer bank and credit card issuer backed by investor Warren Buffett, is considering a potential acquisition of credit card lender Discover Financial Services, a person familiar with the matter said.While the terms could not be learned, a deal could be announced as early as Tuesday, according to the source.Discover Financial has a market capitalization of $27.6 billion, while Capital One is valued at $52.2 billion, according to LSEG data.Capital One is valued at $52.2 billion, accor ...

Feb 18 — The European Union is set to fine Apple (AAPL.O), opens new tab about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources.The fine is expected to be announced early next month, the FT said. The European Commission, which last year accused Apple of distorting competition in the music streaming market via App Store rules that prevent developers from informing users of other purchasing options, declined to comment ...

Core Points - Kamala Harris, while serving as Attorney General of California, ignored staff recommendations to investigate Herbalife for potential pyramid-scheme behavior, despite her husband working for a law firm representing the company [1][4] - A memo from Harris's staff highlighted the need for a formal investigation into Herbalife's practices, suggesting that the company was using tactics to maximize distributor numbers, which could lead to misleading representations about profits [2][1] - Bill Ackman, a prominent investor who has shorted Herbalife, criticized Harris's inaction, implying it was influenced by her husband's ties to the company [4][6] Investigation Recommendations - Harris's staff proposed interviewing former distributors, subpoenaing company documents, and deploying undercover investigators to assess Herbalife's operations [2] - The memo emphasized that conducting an investigation would demonstrate the office's commitment to monitoring and enforcing existing judgments against Herbalife [2] Investor Reactions - Bill Ackman celebrated a significant drop in Herbalife's stock price, which fell by 30% to a 14-year low following mixed fourth-quarter results [6] - Ackman has long alleged that Herbalife operates as a pyramid scheme, particularly exploiting low-income and minority communities [6][4] - Activists have previously called on Harris to protect vulnerable populations from Herbalife's alleged predatory practices [6]

Goldman Sachs CEO David Solomon got a 24% pay bump in 2023 — earning $31 million in compensation – despite the Wall Street giant reporting its worst annual profit numbers in four years. Solomon, who has consolidated power by winning the backing of the board amid talk of succession, received a $2 million base salary, unchanged from the previous year, a bonus of $8.7 million in cash and $20.3 million in performance-linked stock, according to regulatory filings by Goldman on Friday. His total payout spiked fro ...