Amazon Lost Right to Sell Nintendo Switch 2 Amid Sales Dispute
Nintendo Co. pulled its products from Amazon.com Inc. 's US site after a disagreement over unauthorized sales, meaning the e-commerce company missed out on the recent debut of Nintendo's Switch 2 — the biggest game console launch of all time.
The Japanese company stopped selling on Amazon after noticing that third-party merchants were offering games for sale in the US at prices that undercut Nintendo's advertised rates, according to a person familiar with the situation. Enterprising sellers were buying Nintendo products in bulk in Southeast Asia and exporting them to the US, said the person, who requested anonymity to discuss confidential information.
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Forbes
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Royce Ramey, CFA, is co-CEO of Versant Capital Management, a multifamily office in Dallas and Phoenix serving ultra-high-net-worth families. Trusts are a powerful tool for families to transfer their wealth and help achieve other financial goals, such as asset protection and privacy. But one of the most important, and often overlooked, decisions when creating a trust is choosing the right trustee. Each trust needs a trustee to make the decisions governed by the trust document. Serving as a trustee is a significant responsibility that requires time, specific skills, knowledge and dedication. Selecting a trustee well-equipped to handle these duties is one of the most important decisions the person setting up the trust—aka the grantor—can make. A trustee's responsibilities are multifaceted. 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They offer a high level of objectivity, efficiency and expertise, with teams of specialists in the legal, tax and investment fields. Their unlimited lifespan eliminates concerns about succession, providing long-term stability for the trust. However, corporate trustees may lack the personal connection to family dynamics that an individual trustee might provide. Co-trustees can combine the strengths of individual and corporate trustees. By pairing an individual trustee's family insights with a corporate trustee's professional expertise, co-trustee arrangements balance understanding family relationships with ensuring effective administration. While this approach offers significant benefits, it also requires careful coordination and communication to avoid conflicts or inefficiencies between co-trustees. Questions To Ask When evaluating potential trustees, grantors should consider several key questions: • Does the trustee have experience managing trusts of similar size and complexity? • How will they handle conflicts among beneficiaries? • What steps will they take to maintain compliance with the trust's terms and the grantor's intent? • How will they manage investments and distribution decisions? • Can they dedicate sufficient time and attention to the trust's needs? • What fees will the trustee charge? Asking these questions can help you determine whether a potential trustee possesses the necessary expertise, judgment and capacity to fulfill their fiduciary responsibilities effectively. Whether appointing an individual, a corporate institution or both, grantors should weigh their options carefully. By making a thoughtful and informed choice, grantors can safeguard the trust's purpose and promote harmony among beneficiaries. 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