Amazon's Bezos Defends Company Tradition in Letter to Shareholders

In a letter despatched to shareholders on Tuesday, Amazon’s founder and chief government, Jeff Bezos, defended the web retailer’s company tradition, which was the topic of a essential report by The New York Occasions final yr.

Bezos famous the enduring nature of company cultures in his annual letter to shareholders.

"The rationale cultures are so secure in time is as a result of individuals self-choose," he wrote. "Somebody energized by aggressive zeal might choose and be comfortable in a single tradition, whereas somebody who likes to pioneer and invent might select one other," he stated, including that Amazon has by no means declared that its strategy is the "proper one."

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Amazon's Bezos Defends Corporate Culture in Letter to Shareholders

New York Occasions editor: Our story about Amazon was overblown 1:sixteen

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Amazon was the topic of a months-lengthy investigation by the Occasions, which depicted the corporate as having a bruising company tradition that edged out staff who had been evaluated harshly by their friends and managers.

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The web retailer forcefully rebutted the paper’s report after it was revealed final yr, with the corporate’s prime spokesman, Jay Carney, taking the unprecedented step of writing a public letter to defend Amazon and revealing personnel details about a former staff quoted within the story.

In his letter to shareholders, Bezos additionally trumpeted the success of massive bets like the corporate’s cloud computing arm, Amazon Net Providers, and its wildly well-liked membership program, Prime. Amazon doesn’t disclose membership knowledge of its flagship Prime service, however analysts say it might have greater than forty million members in the USA.

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In highlighting the velocity at which Amazon launched providers like Prime Now, its one- and two-hour supply service, Bezos signaled to shareholders that the corporate was not carried out making daring investments in new enterprise areas.

"Used properly, our scale allows us to construct providers for patrons that we might in any other case by no means even ponder."