Amazon CEO Jeff Bezos's annual shareholder letter, once an insightful must-read, has turned cautious and promotional as the company faces more scrutiny
, mostly covering Amazon's role in growing small business owners on its marketplace.
Argenti said the change is a natural progression for Amazon, which has become one of the most powerful companies in the world, run by the richest man in the world. Only a handful of high-profile CEOs, like Berkshire Hathaway's Warren Buffett and JPMorgan's Jamie Dimon, still manage to write insightful shareholder letters, which shows the difficulty in keeping it as a distinctive part of company culture.
"Why bother writing something of business value, which will be received positively by a small minority of business and tech nerds, just to invite scrutiny and have 99.9% of the response be negative?" Anand told Business Insider. Bezos said in the letter that he plans to eventually offer regular COVID-19 testing for all Amazon employees. He added his own time and thinking "continues to be focused on COVID-19 and how Amazon can help."
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