Money and Finance
For Jeff Bezos, a new frontier
Found via Abnormal Returns.
A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go beyond profit and loss. Bezos’s politics and sense of fairness may come to bear as the newspaper, in a perilous state of flux, takes on a new shape.
In a brief letter to employees, Bezos seemed to agree: The “values of The Post do not need changing. The paper’s duty will remain to its readers and not to the private interests of its owners.”
But exactly why he is acquiring The Post — and what he plans to do with it once he owns it — remains mostly a mystery.
Bezos declined to be interviewed for this article. Amazon declined to offer anyone for interviews.
For now, as a result, the best anyone can do to divine his motives is to look at his past.
What emerges from dozens of interviews with friends and colleagues from every stage of his life, combined with his own previous comments, is a portrait of a curious mind attracted to grand schemes. He is a tenacious businessman, too, tough on employees who don’t measure up, ruthless with competitors and willing to take risks.
-
Jeff Bezos On 60 Minutes
Link .......... Online extra videos: Bezos recalls Amazon's riskiest move Why Bezos bought The Washington Post The Jeff Bezos of 1999: Nerd of the Amazon (February 1999 "60 Minutes" segment)
...
-
The 1975 Buffett Memo That Saved Wapo's Pension
FORTUNE -- One of the (many) things that surprised people about the recent $250 million sale of the Washington Post to Amazon (AMZN) founder Jeff Bezos was the health of the Washington Post's pension plan. At a time when most pension plans are struggling,...
-
Inside Amazon's Idea Machine: How Bezos Decodes The Customer
Found via My Investing Notebook. A few months ago Amazon reached what its founder and CEO Jeff Bezos demurely tells me was “an interesting milestone.” The retailing giant, so ubiquitously associated with books, then music and video, now has tens of...
-
Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
-
Upfront And Unscripted With Jeff Bezos (audio)
I think Jeff Bezos and Chris Anderson are two of the best people from which to learn. I don't know how I missed this podcast the first time, but it is really great (in my opinion). I also think the iPod-like comparison is a valid one for The Kindle....
Money and Finance