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Pop business for the intelligent reader. A publication from Medium.

Jeff Bezos

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“Voluntary Time Off” is their trojan horse to exploit workers, minimize wage costs and protect tax breaks

Short break times. Punishment for using the bathroom. Worker surveillance. These are some of the poor working conditions in Amazon warehouses that have been documented in recent years. But, Amazon’s exploitative practices go beyond their blatantly poor treatment of workers. …


Love or hate him, Bezos, who steps down as Amazon CEO on July 5, has left his mark

Was there ecommerce before Jeff Bezos and Amazon? Not by my recollection. I can still close my eyes and see that first simplistic site and Amazon logo.

Honestly, it didn’t look like much, and we all wondered if what they were doing — selling stuff through the untamed World Wide…


No Mercy No Malice

How the billionaire class has taken midlife crises to a new level

People worried about starving or being eaten don’t have time to ponder the finite nature of life. But once we know we’re going to survive in the short-term, immortality begins to loom larger than mortality. Affairs, Teslas, and ayahuasca are the accessories of a life with more money than time…


In his final letter to shareholders, Jeff Bezos calculated how much his company has benefited stakeholders. Let’s check his math.

“If you want to be successful in business (in life, actually), you have to create more than you consume. Your goal should be to create value for everyone you interact with. Any business that doesn’t create value for those it touches, even if it appears successful on the surface, isn’t…


Before winner-take-all became the name of the game, a bookseller called Ingram showed a better way

Note: This is a republication of an article that I published last week on LinkedIn Pulse exploring the limits of Amazon’s vaunted “customer obsession” when pursued at the expense of suppliers, and contrasting it with the philosophy of Ingram, the book wholesaling platform that gave Amazon its start.

A few…


Despite his storied career and 25-plus years on the public stage, the soon-to-be-ex Amazon CEO remains a cipher

Jeff Bezos’ surprise announcement last week that he will step down as Amazon CEO, transition to its executive chairman, and focus on newspapers, rockets, philanthropy, and, perhaps, finding more outlets for that explosive laugh, leaves a hole in the digital realm.

Bezos has gone from being one of the most…


Number Crunch

Now that he’s conquered Earth, Bezos is handing over the reins to focus on outer space

A graph with the text “63%: The share of Amazon’s 2020 operating profits generated by Amazon Web Services Source: GeekWire”

63%: That’s the share of Amazon’s operating profits — a portion equal to $13.5 billion — that the Amazon Web Services division was responsible for in 2020, per GeekWire.

When Jeff Bezos announced earlier this week that he planned to step down as CEO of Amazon, all eyes were on…


The Amazon founder shrewdly steps down at the peak of his company’s power

Jeff Bezos, the archetypal daredevil capitalist, spent 27 years charging headlong into industry after industry, seemingly indifferent to the bloodletting and destruction in his wake. Now, at 57, as he plans to step down as CEO this summer, transitioning to the role of executive chairman, he leaves the helm of…


NUMBER OF THE DAY

A $13 billion jump in the stock market made the Tesla CEO the third-richest person on the planet

$123 billion: Elon Musk’s net worth as of Thursday, making him the world’s third-richest person. Source: Bloomberg

$123 billion: That was Elon Musk’s net worth by the end of stock trading Thursday — a $13 billion jump from Monday — making him the world’s third-richest person.

After a dozen years of the brow-furrowed tut-tuts of naysayers galore, Tesla on Monday was approved for entry to the halls…


After years of criticism about Jeff Bezos’ lack of philanthropy, the Amazon founder and the world’s wealthiest man revealed yesterday that he would be donating $791 million in grants as part of his $10 billion Earth Fund to fight climate change. This comes several months after his ex-wife MacKenzie Scott…

Marker

Pop business for the intelligent reader. A publication from Medium.

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