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Jeff Bezos to employees: ‘One day, Amazon will fail’ but our job is to delay it as long as possible
CNBC ^ | 15/11/18

Posted on 12/26/2020 10:09:55 AM PST by Eleutheria5

Just days before Amazon announced the big winners of its HQ2 sweepstakes, CEO Jeff Bezos had to address a separate but related concern among employees: Where is all this headed?

At an all-hands meeting last Thursday in Seattle, an employee asked Bezos about Amazon’s future. Specifically, the questioner wanted to know what lessons Bezos has learned from the recent bankruptcies of Sears and other big retailers.

“Amazon is not too big to fail,” Bezos said, in a recording of the meeting that CNBC has heard. “In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred...

(Excerpt) Read more at cnbc.com ...


TOPICS:
KEYWORDS: amazon; bezos; manipulate; selloff
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To: Eleutheria5

My job is to help them fail.


41 posted on 12/26/2020 12:35:22 PM PST by chickenlips
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To: Brookhaven

“Bezos is being philosophical.

He’s not saying Amazon is failing now.”

Seriesly? He’s a CEO, not a farmer or a college professor. And if he can’t comprehend that his words and deeds have real-world consequences, he has no business wandering through the business world like a babe in the woods. Lock him up!


42 posted on 12/26/2020 12:41:49 PM PST by Eleutheria5 ("The impossible happens all the time. You just have to believed." Will Robinson)
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To: apillar

What’s up with everyone? Am I talking to a Bezos family reunion? I’d pay attention to what AMZN does on the big board whenever he makes a statement like this. And since he holds stock as an insider in huge blocks, I’d ask the SEC for a read-out of his moves in conjunction with making those statements. What’s needed is a timeline.

Have you forgotten that he’s the enemy? One of several boardroom Bolsheviks who are responsible for the suppression of news about Hunter the boy wonder, and his nifty dad Joe? Who’s been pushing the fake narratives about Trump?

I’m not saying to concoct a fake narrative, but to pursue the truth about his frequent episodes of pessimism to see if it’s not really insider trading of the very worst kind. I hope it is, because Rudy’s put away people like him before, and so have a few others who might do so again. And I’d love to see him perp walked.


43 posted on 12/26/2020 1:01:13 PM PST by Eleutheria5 ("The impossible happens all the time. You just have to believed." Will Robinson)
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To: chickenlips

I wish you success!


44 posted on 12/26/2020 1:08:32 PM PST by Eleutheria5 ("The impossible happens all the time. You just have to believed." Will Robinson)
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To: CIB-173RDABN

Even if they’re not, cut all trade with China.


45 posted on 12/26/2020 1:10:17 PM PST by Eleutheria5 ("The impossible happens all the time. You just have to believed." Will Robinson)
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To: proust

Exactly.

Mary Barra of GM learned this trick not too long ago.

Most of them now do it; anyone in those circles who doesn’t is probably ridiculed.

And these highly paid ‘regulators’ (SEC, DOJ, FINRA, etc.) turn a blind eye and deaf ear.


46 posted on 12/26/2020 1:27:56 PM PST by Paulie (Better Dead than Red)
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To: Eleutheria5

Bezos is correct in the long run. I think, though, that Amazon is much more likely to be nationalized than to fail. Like the oil industry in Venezuela, it’s where the money is. And control of the distribution of everything everyone buys is a socialist’s wet dream.


47 posted on 12/26/2020 1:39:06 PM PST by Billthedrill
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To: Eleutheria5

you’re still whining about this?! IT WAS TWO YEARS AGO. It has NOTHING to do with the stock dip this week. Frankly it’s a typical undefeated team coaching speech “don’t get cocky, stay focused, our record means nothing.” It’s your generic anti-complacency speech. Really dude, stop digging, you’re already in a hole.


48 posted on 12/26/2020 1:44:36 PM PST by discostu (Like a dog being shown a card trick )
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To: Eleutheria5

“Winn Dixie is dead and gone”

You don’t mean that literally, do you? There are 5 of them within a few miles of my house.

Winn-Dixie
6.3 mi · Semmes, AL
Open ⋅ Closes 10PM
In-store shopping· Curbside pickup
DIRECTIONS
Winn-Dixie
10.4 mi · 740 Schillinger Rd N
Open ⋅ Closes 10PM
In-store shopping· In-store pickup· Delivery
DIRECTIONS
Winn-Dixie
In Hillcrest Marketplace
13.4 mi · 6300 Grelot Rd
Open ⋅ Closes 10PM
In-store shopping· In-store pickup
DIRECTIONS
Winn-Dixie
In Vigouroux Market Place
13.5 mi · 9948 Airport Blvd
Open ⋅ Closes 10PM
In-store shopping
DIRECTIONS
Winn-Dixie
14.1 mi · 1550 Government St
Open ⋅ Closes 11PM


49 posted on 12/26/2020 1:46:32 PM PST by suthener
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To: redfreedom

I can’t remember what it’s called, but in business school we were taught that the very things that make a company successful today, will become its’ poison in five years. You must always be adapting, and avoid resting on your laurels.


50 posted on 12/26/2020 1:46:49 PM PST by dfwgator (Endut! Hoch Hech!)
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To: Eleutheria5

Amazon is already using a business model that is dependent upon “food stamp wages”-essentially meaning it is subsidized
by Fed.gov.
His concern is a reality


51 posted on 12/26/2020 1:47:43 PM PST by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible)
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To: Eleutheria5

For a guy worth over $100 billion of AMZN, selling $1 billion a year isn’t “dumping.” It’s nibbling at diversifying.

It’d take him over a century to get out of AMZN at this rate.

Idiot article.


52 posted on 12/26/2020 1:51:22 PM PST by sitetest (Professional patient; no longer mostly dead.)
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To: Eleutheria5

Could Bezos be planning to let a Harris administration break up his competitors while pretending to sacrifice Amazon?


53 posted on 12/26/2020 3:05:01 PM PST by Organic Panic (Flinging poo is not a valid argument)
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To: a fool in paradise

Yes I do tend to agree Sears poor management had much to do with their sliding down the drain.

Take GM when they were in trouble, some of their restructuring efforts included getting rid of dead weight such as Oldsmobile and Pontiac and keeping profitable ones like Chevy.

Sear did the opposite and sold off their profitable lines such as Craftsman tools and kept their dead weight.

If they had downsized into a combination hardware, home appliance and automotive store they would have survived.


54 posted on 12/26/2020 3:13:56 PM PST by redfreedom (Member of Agent Orange Health Club Since 1969)
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To: nickcarraway
Yeah, I bet coaches of winning teams never tell their players anything like “the other teams are training hard and hungry to win so keep working your asses off or they’ll beat you”.

Or perhaps that’s not acceptable these days and modern coaches have progressed to more inspiring words of encouragement like “if we cooperate with the other teams we can all reach a mutually beneficial outcome for the league”.

55 posted on 12/26/2020 3:19:58 PM PST by fluorescence
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To: rktman
Well if I get my flashlights before that, okay.

Yeah, my underwear and socks arrived on Christmas Eve, so I'm good.

56 posted on 12/26/2020 3:51:15 PM PST by Albion Wilde ("When you open your heart to patriotism, there is no room for prejudice." --Donald Trump)
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To: redfreedom
If war breaks out with China, many Walmarts will close their doors overnight.

And there go the dollar stores.

57 posted on 12/26/2020 3:52:30 PM PST by Albion Wilde ("When you open your heart to patriotism, there is no room for prejudice." --Donald Trump)
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To: antidemoncrat
It’s too bad a man with such talent for building a business sucks at politics.

Not too great at married fatherhood, either.

58 posted on 12/26/2020 3:54:14 PM PST by Albion Wilde ("When you open your heart to patriotism, there is no room for prejudice." --Donald Trump)
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To: antidemoncrat
It’s too bad a man with such talent for building a business sucks at politics.

And let's not forget, his first wife was by his side while there were building Amazon, so let's see what happens now that he has dumped her for someone he likes with his little head.

59 posted on 12/26/2020 3:55:53 PM PST by Albion Wilde ("When you open your heart to patriotism, there is no room for prejudice." --Donald Trump)
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To: Eleutheria5
Where was this Kosher Winn Dixie? None of the Winn Dixies in the most Jewish town in Florida (Boca Raton) had a Kosher counter back in the 90s. Interesting...

Why should Winn Dixie exist in a world where we are blessed with Publix?

60 posted on 12/26/2020 3:58:52 PM PST by Clemenza
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