Jeff Bezos sells Amazon stock, Elon Musk gets richer, and Panera's billionaire: Leadership news roundup
Plus, Democratic donors are threatening to stop giving unless Joe Biden drops out
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After selling off about 50 million shares of Amazon stock in February, Jeff Bezos said he plans to sell millions more.
Bezos, founder of the e-commerce giant and its current executive chairman, announced he would sell another 25 million shares of Amazon stock — worth about $5 billion — in a U.S. Securities and Exchange Commission filing disclosed late Tuesday.
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Only 10% of American workers say that their offices are closed for the entire week of Independence Day – but apparently that hasn’t stopped more than half of Gen Z-ers and Millennials from “quiet vacationing” in the first week of July.
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Tesla has had a rough couple of weeks with its flagship Cybertruck causing all kinds of headaches, sales of its cars slowing and the automaker facing a relentless fight to justify the $56 billion payout it wants to give big boss Elon Musk. Now, despite its struggles, the automaker just made Musk another $10 billion for not really doing anything at all.
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Panera Bread’s founder and former chief executive officer Ron Shaich is now a billionaire, according to the Bloomberg Billionaires Index.
Shaich’s coffers bring his wealth status to roughly $1.6 billion, largely due to his stake in Mediterranean fast dining chain Cava Grill, in which he is the lead investor.
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In an effort to quell fears about his troubling debate performance, President Joe Biden’s reelection campaign announced its June fundraising total early on Tuesday, saying it raised $127 million last month in tandem with the Democratic Party.
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A slew of major Democratic donors, including Disney heiress Abigail Disney, have said they will withhold donations to the party until President Joe Biden drops his reelection bid.
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Elon Musk mocked Mark Zuckerberg’s Fourth of July celebrations – which included surfing while clad in a tuxedo and drinking a beer – in the latest instance of the longstanding feud between the two men.