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Amazon (AMZN) CEO Jeff Bezos issues his annual letter to shareholders in which he takes on...

Amazon (AMZN) CEO Jeff Bezos issues his annual letter to shareholders in which he takes on accusations the company is being run as a "charitable" organization for the benefit of consumers by noting customer trust and brand reputation will continue to outweigh short-term swings in Amazon's share price. The Bezos strategy: "I think long-term thinking squares the circle." (full Amazon letter .pdf)
Comments (5)
  • Tom Walker
    , contributor
    Comments (33) | Send Message
     
    Marvelous that Bezos includes his 1997 letter to shareholders. A clear mission with delighted customers (me for one) and suppliers (our company, Simply Magazine with audiobooks and eBooks, plus Amazon's strong resale area to boost value for owners of our products) is a bedrock foundation. Hopefully they will start to make money to reward their shareholders. Jury's out but I wouldn't bet against Mr. B! Unique (in its true meaning of only one) company. Always exciting too, no small thing.
    12 Apr 2013, 09:41 AM Reply Like
  • Critical Thoughts
    , contributor
    Comments (39) | Send Message
     
    I like his position. Too often the customer and shareholder becomes antagonistic. And too often shareholders become tunnel visioned, apply pressures, and influences the company to make poor decisions to satisfy shareholders expectation. And this often comes at the expense of the customers . I applaud the companies who are able to find a happy medium. But the reality is, without customers, shareholder value is worthless
    12 Apr 2013, 09:57 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8529) | Send Message
     
    Profit margins matter...ask Radio Shack.
    12 Apr 2013, 10:15 AM Reply Like
  • 215304
    , contributor
    Comments (633) | Send Message
     
    "I think long-term thinking squares the circle."

     

    I have no idea what this means, it is utter nonsense. Bezos knows it is babble speak and has to laugh that no one will call him out on it. What ever happened to speaking in plain English? I guess if Bezos says it people are supposed to think it must be brilliant. I think it's double talk at best, a practical joke at worst.
    12 Apr 2013, 03:08 PM Reply Like
  • krk
    , contributor
    Comments (822) | Send Message
     
    'When I use a word,' Bezos... I mean Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'
    12 Apr 2013, 04:32 PM Reply Like
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