Amazon Shareholders Say NO to Splitting CEO and Chair Roles - Are They Living in a Material World?!

No Split? No Problem!

Alright chat listen up! So Amazon shareholders just threw a massive middle finger to this proposal to split the CEO and board chair roles. Apparently 82% of 'em said 'Nah we good.' Can you believe it? All these fancy pants proposals get tossed out like a Mythic+ key you bricked on the first pull. It's like they're saying 'Jeff Bezos and Andy Jassy know what they're doing even if it looks like a goblin running the show!' *hits mountain dew*

The Bezos Effect: 'I am the Senate!'

Now let's be real. Bezos stepped down as CEO in 2021 handing the reins to Andy Jassy but he kept the title of executive chairman. The idea behind this proposal was to make that split permanent like 'the majority of S&P 500 companies,' according to some group called the Accountability Board. They think it's all about 'corporate governance' and 'oversight.' But come on does anyone really think Bezos isn't still pulling the strings? It's like when you think you've defeated a raid boss but then it has a second phase... and a third... and a fourth... It never ends!

Accountability Board? More Like Bore ing!

This Accountability Board bless their hearts thinks separating the roles lets the board focus on being all responsible and the CEO can just worry about making money. Sounds good on paper but in reality? It's probably just more meetings about meetings. 'Let's have a meeting to discuss the agenda for the next meeting!' Yikes.

The Rise of the Machines (and Proposals)

Apparently these proposals to split the CEO and chair roles are becoming more popular. They've jumped 113% among Russell 3000 companies in the first half of 2023! That's like the gear score requirements for Mythic raiding going up every week! But Amazon's all like 'We do what we want!' Gotta respect the hustle I guess.

Amazon Says 'Hold My Beer'

Amazon's official response? They said the current system lets them pick the right leaders for the company at any time. They claim the split in 2021 was after 'careful consideration.' Sure Jan. It's more like 'We're Amazon we'll figure it out. Just keep buying Prime subscriptions!' They basically told the shareholders 'Thanks for the suggestion but we're gonna keep doing what makes us the big bucks. Now if you'll excuse me I have a Twitch stream to get to.'

The Future is Unwritten... and Probably Still Run by Bezos

So what does this all mean? Basically Amazon's gonna keep doing Amazon things. The board gets to decide who does what whenever they want. Whether that's a good thing or a bad thing well that's for you to decide chat. Me? I'm just here for the content. And maybe a few more tendies. Until next time stay bald!