Amazon CFO Leaving $3 Million on the Table
If investors were puzzled by Warren Jenson's plans to leave Amazon.com (AMZN Quote), they may be even more intrigued to learn he is walking out on a $3 million payday.
Jenson will forfeit part of his signing bonus by leaving this year, regulatory filings show. The company's proxy statements also show that Jenson hasn't bought or held any Amazon stock since he joined the company in September 1999. Those facts, combined with insiders' heavy sales of the stock in recent periods, suggest executives and directors aren't enthusiastic about the online bookseller's prospects, observers say.
The revelations come as investors digest the news that Amazon, which recently reported its first-ever profitable quarter, is losing its second top-rung executive in recent months. After falling in after-hours trading Tuesday, Amazon rallied along with the market Wednesday, rising 36 cents to close at $16.33.
The $3 Million Question
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