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Amazon’s public search is “really kind of smart,” Ballmer said. However, he expressed some skepticism about whether it will really be a fully equal headquarters, until Amazon discloses whether a top executive will move there — someone like CEO Jeff Bezos, Amazon Consumer CEO Jeff Wilke, senior vice president Jeff Blackburn or Amazon Web Services CEO Andy Jassy.

Amazon’s board, in the proxy filing, urges shareholders to vote against the proposal, noting that Bezos is well positioned to work with the board “on the key policy and operational issues that will help the Company operate in the long-term interests of shareholders.”

Among other stats, Amazon says gifting of Kindle books rose 175 percent for the holiday shopping season (from Black Friday to Christmas Day) compared to the same period last year. In addition, Christmas Day set a new record for the most Kindle book downloads in a single day, as people unwrapped their new devices and tried them out.

Amazon’s stock growth in the last five years is astounding: nearly 700 percent. Though some worry that the company can eventually make money.

Amazon’s brick-and-mortar rollout initially began in November 2015 when it opened a bookstore in Seattle’s University Village.