FIRST AIRED: January 10, 2019

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Transcript

00:00:00
>> A divorce like the one billionaire Jeff Bezos is going through with wife MacKenzie is usually a private matter. But when you're the world's richest man, running Amazon, the most valuable company on the US stock market. That divorce becomes a shareholder matter. Bezos holds a 16% stake in Amazon.
00:00:18
And based on divorce laws in the state where the couple live, half of that will go to his soon to be ex-wife. If she does get half of his Amazon stake, will she still hold on to it or sell it? And what does that mean for his control of Amazon?
00:00:33
Amazon's investors are trying to sort it all out, says Reuters investments correspondent David Randall.>> There's not a run for the exits right now. A lot of people are saying Amazon is, there's not a fundamental reason to say I'm going to trade out of Amazon. Some people are saying, this is a very over-owned company.
00:00:51
A lot of people have made a lot of money betting on Amazon the last two years, so here is a question mark. So maybe they say, I am going to take a little bit of profits right now, bank what I've had, and then let's see how this plays out.
00:01:02
>> But not all investors are sticking around. Noted short seller Doug Cast told Reuters he dumped a stake in Amazon on the divorce news. He's walking away with an 18% profit on a purchase he made only a few weeks ago. While Cast's decision is the exception, investors say there are legitimate concerns about the divorce and to Bezos.
00:01:23
>> Because he has such a big vision for the company and how he runs it. So anything that happens in his personal life that could lead him to say, perhaps I want to step away from the company. Perhaps I want to have a different role in the company, would have a very big impact on shareholders.
00:01:38
>> But most investors see little or no chance of that happening. Holding the stock close to where it was trading before the break up was announced.