Amazon announces new board member, $5B stock buyback, and an exec taking a two-year leave
Amazon
The $5 billion stock repurchase authorization replaces the previous $2 billion stock repurchase authorization, approved by the Board of Directors in 2010.
The company's stock was up about 2% on the news.
Amazon also announced that long-time employee Diego Piacentini will be taking a two-year leave of absense. He had been the SVP of Amazon's international consumer business, and starting in teh summer of 2016 he will spend two years working pro bono as the head o fthe Italian Prime Minister's digital technology office.
"After 16 years at Amazon, it's a way for me to give back to the country in which I was born and lived for 40 years of my life," he said in a statement.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore