Amazon CEO Jeff Bezos' annual shareholder letter loses its luster - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Amazon CEO Jeff Bezos's annual shareholder letter, once an insightful must-read, has turned cautious and promotional as the company faces more scrutiny

, mostly covering Amazon's role in growing small business owners on its marketplace.

Argenti said the change is a natural progression for Amazon, which has become one of the most powerful companies in the world, run by the richest man in the world. Only a handful of high-profile CEOs, like Berkshire Hathaway's Warren Buffett and JPMorgan's Jamie Dimon, still manage to write insightful shareholder letters, which shows the difficulty in keeping it as a distinctive part of company culture.

"Why bother writing something of business value, which will be received positively by a small minority of business and tech nerds, just to invite scrutiny and have 99.9% of the response be negative?" Anand told Business Insider. Bezos said in the letter that he plans to eventually offer regular COVID-19 testing for all Amazon employees. He added his own time and thinking "continues to be focused on COVID-19 and how Amazon can help."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JeffBezos temporary extra $2/hr? Let them eat cake

He wants out. To rich now to care.

Dudes company worth a trillion dollars and he still paying people $13/hr 😒

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix And Amazon Stocks Hit All-Time Highs As Quarantine Benefits Kick InNetflix and Amazon shares both closed Tuesday at their all-time highs, with both tech giants managing to largely thrive during a grueling period of viral shutdown. Broader stock indices extended th… BobDigi69 No ones surprised lol
Source: DEADLINE - 🏆 109. / 63 Read more »