Magazine : Archives : 3rd Quarter 2019

Endnotes

Things We’ve Read & Recommend Balancing Innovation and Efficiency 2018 Letter to Shareholders of AmazonBy Jeff BezosAmazon.com is just 25 years old, but it is already one of America’s most iconic companies. It sold $277 billion worth of physical merchandise last year, split between sales made by Amazon itself and sales made by third-party retailers on Amazon’s marketplace. The foundation of Amazon’s success is its innovative culture. “From very early on in Amazon’s life, we knew we wanted to create a culture of builders—people who are curious, explorers,” wrote founder and Chief Executive Officer Jeff Bezos in his 2018 shareholder...