Amazon chief offloads shares

Brand Republic 14-May-01, 17:03

Jeff Bezos, the chief executive of Amazon.com, is about to sell $4.6m (£3.3m) worth of shares in the company, bringing his profit from the sale of Amazon shares over the past 12 months to more than $30m (£21.2m).

Bezos notified the Securities and Exchange Commission earlier this month that he intends to sell 300,000 shares, adding to the $6.1m (£4.3m) he made in February and the $20m (£14.1m) he made in May last year.