Jeff Bezos, the chief executive of Amazon, was unapologetic about his twenty-year-old companys lack of profit during a rare public appearance on Tuesday, noting he spends just six hours a year on investor relations. Bezos also discussed Amazons acrimonious dispute with publisher Hachette Book Group and his purchase of the Washington Post. He acknowledged that #Amazon had a succession plan in place, but remained tight-lipped about the details. Investors have grown increasingly unhappy about Amazons spending and lack of disclosure about future plans. Its shares have fallen more than 18 percent this year, despite a 14 percent rise in the Nasdaq.
Posted on: Wed, 03 Dec 2014 13:55:20 +0000
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