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Jeff Bezos Says Amazon Needs to Do a Better Job for Employees in Final Shareholder Letter

While the voting results were lopsided and our direct relationship with employees is strong, it s clear to me that we need a better vision for how we create value for employees a vision for their success, said Bezos, who will step down as CEO in the third quarter, turning the helm over to Andy Jassy, CEO of Amazon Web Services. Bezos will become executive chairman of Amazon s board. Amazon has famously held a core set of leadership principles, chief among them being that the company is customer obsessed. In the future, Bezos said, he wants Amazon to do the same for its employees.

Amazon s Bezos: we need to do a better job for our employees | Business and Economy News

As Jeff Bezos prepares to step down from his role as CEO of Amazon.com Inc, the founder of the online retail and cloud computing giant – and frequent target of workers’ rights activists –  is crafting a more employee-friendly persona. In his annual letter to shareholders published on Thursday, Bezos said he takes no comfort from the outcome of a recent collective bargaining push that saw Amazon warehouse workers in Alabama overwhelmingly vote against unionising. “I think we need to do a better job for our employees,” wrote Bezos. “While the voting results were lopsided and our direct relationship with employees is strong, it’s clear to me that we need a better vision for how we create value for employees – a vision for their success.”

Read Jeff Bezos Final Letter to Shareholders As Amazon CEO Right Here

Total $301B If each group had an income statement representing their interactions with Amazon, the numbers above would be the bottom lines from those income statements. These numbers are part of the reason why people work for us, why sellers sell through us, and why customers buy from us. We create value for them. And this value creation is not a zero-sum game. It is not just moving money from one pocket to another. Draw the box big around all of society, and you ll find that invention is the root of all real value creation. And value created is best thought of as a metric for innovation.

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