Black Friday Sale! 50% Off All Access

Bezos Defends Amazon's Company Culture in Letter to Shareholders The message also praised the success of Amazon Web Service and Amazon Prime.

By Reuters

This story originally appeared on Reuters

Reuters | Gary Cameron
Jeff Bezos

In a letter sent to shareholders on Tuesday, Amazon.com Inc.'s founder and chief executive, Jeff Bezos, defended the online retailer's corporate culture, which was the subject of a critical report by The New York Times last year.

Bezos noted the enduring nature of corporate cultures in his annual letter to shareholders.

"The reason cultures are so stable in time is because people self-select," he wrote. "Someone energized by competitive zeal may select and be happy in one culture, while someone who loves to pioneer and invent may choose another," he said, adding that Amazon has never declared that its approach is the "right one."

Amazon was the subject of a months-long investigation by the Times, which depicted the company as having a bruising corporate culture that edged out workers who had been evaluated harshly by their peers and managers.

The online retailer forcefully rebutted the paper's report after it was published last year, with the company's top spokesman, Jay Carney, taking the unprecedented step of writing a public letter to defend Amazon and revealing personnel information about a former employees quoted in the story.

In his letter to shareholders, Bezos also trumpeted the success of big bets like the company's cloud computing arm, Amazon Web Services, and its wildly popular membership program, Prime. Amazon does not disclose membership data of its flagship Prime service, but analysts say it may have more than 40 million members in the United States.

In highlighting the speed at which Amazon launched services like Prime Now, its one- and two-hour delivery service, Bezos signaled to shareholders that the company was not done making bold investments in new business areas.

"Used well, our scale enables us to build services for customers that we could otherwise never even contemplate."

(Reporting by Mari Saito; Editing by Leslie Adler)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Living

These Are the 'Wealthiest and Safest' Places to Retire in the U.S. None of Them Are in Florida — and 2 States Swept the List.

More than 338,000 U.S. residents retired to a new home in 2023 — a 44% increase year over year.

Business News

DOGE Leaders Elon Musk and Vivek Ramaswamy Say Mandating In-Person Work Would Make 'a Wave' of Federal Employees Quit

The two published an op-ed outlining their goals for their new department, including workforce reductions.

Starting a Business

This Sommelier's 'Laughable' Idea Is Disrupting the $385 Billion Wine Industry

Kristin Olszewski, founder of Nomadica, is bringing premium wine to aluminum cans, and major retailers are taking note.

Business News

These Are the Highest Paying Jobs Available Without a College Degree, According to a New Report

The median salaries for these positions go up to $102,420 per year.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.