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Amazon's infamous 1997 letter to shareholders was reportedly co-written by the company's first CFO, Joy Covey

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Amazon's first-ever CFO, the late Joy Covey, is said to have co-authored the infamous 1997 letter to shareholders that's attributed to Jeff Bezos.

In 1997, Amazon issued its first letter to shareholders. It has since become infamous in the tech industry, and core to Amazon's origin story. It laid out Amazon's long-term goals, and stressed to investors the importance of focusing on long-term value over short-term returns — a strategy since adopted by many major internet companies, from Uber to WeWork. The letter is signed by Amazon CEO Jeff Bezos, and has always been attributed to him.

In 1997, Amazon issued its first letter to shareholders. It has since become infamous in the tech industry, and core to Amazon's origin story. It laid out Amazon's long-term goals, and stressed to investors the importance of focusing on long-term value over short-term returns — a strategy since adopted by many major internet companies, from Uber to WeWork. The letter is signed by Amazon CEO Jeff Bezos, and has always been attributed to him.

 

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