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%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa 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."

 

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 😒

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 ZA

South Africa South Africa Latest News, South Africa South Africa 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 »