Kelly Frawley, partner in the matrimonial and family law department at New York-based law firm Kasowitz Benson Torres LLP, said she doesn't think shareholders should expect anything out of the ordinary, particularly since it appears to be an amicable divorce so far.
"I think that makes a big difference, because sometimes you can have an angry spouse who might leak information to the press that wouldn't be so favorable for Jeff, information about the company that could potentially harm the company and affect its value," she said. "But here, where it's amicable, I can't imagine that would happen, and frankly, she would be hurting her own pocket, because why would she want to in any way do something to decrease the value of the shares?"
Amazon shares have moved relatively little since the pair announced their divorce on Twitter . The stock is up about 2% since the start of this week and nearly 10% in 2019.
The divorce proceedings will have no impact on shareholders due mostly to the company's size, said Molly Kenny, the principal of the Law Offices of Molly B. Kenny in Bellevue, Washington. While there could theoretically be some kind of shakeup at a smaller company where the leader is going through a divorce, given Amazon's size and what's at stake, it's unlikely in this situation.
"He's done a phenomenal job, and I don't see that changing," she said. "I can't envision, at least in the way it's unfolding, that she would take on a greater role.
"That's what usually happens with a smaller company. But a publicly traded company is in a different position, and could a company get rocked by a personal scandal? Sure. But that's a personal scandal issue, not related to the divorce."
Some analysts on Wall Street who cover the stock say there's little shareholders should worry about unless the major life event turns into a business distraction.
"Unless you worry that he will get so distracted by the divorce that he cannot manage the company, this will be a non-event," Michael Pachter, an analyst at Wedbush Securities in Los Angeles, told Reuters on Thursday.
Others echo that sentiment.Brian Wieser, a senior analyst at New York-based Pivotal Research Group, initiated coverage on Amazon shares earlier this week prior to the Bezoses' announcement with a "buy" recommendation, largely due to his optimistic view on the company's advertising segment.
"I'm not aware of any reason why anyone should assume there's any meaningful risk of any meaningful problem," he said.