Bezos Defends Amazon's Company Culture in Letter to Shareholders The message also praised the success of Amazon Web Service and Amazon Prime.

By Reuters

This story originally appeared on Reuters

Reuters | Gary Cameron
Jeff Bezos

In a letter sent to shareholders on Tuesday, Amazon.com Inc.'s founder and chief executive, Jeff Bezos, defended the online retailer's corporate culture, which was the subject of a critical report by The New York Times last year.

Bezos noted the enduring nature of corporate cultures in his annual letter to shareholders.

"The reason cultures are so stable in time is because people self-select," he wrote. "Someone energized by competitive zeal may select and be happy in one culture, while someone who loves to pioneer and invent may choose another," he said, adding that Amazon has never declared that its approach is the "right one."

Amazon was the subject of a months-long investigation by the Times, which depicted the company as having a bruising corporate culture that edged out workers who had been evaluated harshly by their peers and managers.

The online retailer forcefully rebutted the paper's report after it was published last year, with the company's top spokesman, Jay Carney, taking the unprecedented step of writing a public letter to defend Amazon and revealing personnel information about a former employees quoted in the story.

In his letter to shareholders, Bezos also trumpeted the success of big bets like the company's cloud computing arm, Amazon Web Services, and its wildly popular membership program, Prime. Amazon does not disclose membership data of its flagship Prime service, but analysts say it may have more than 40 million members in the United States.

In highlighting the speed at which Amazon launched services like Prime Now, its one- and two-hour delivery service, Bezos signaled to shareholders that the company was not done making bold investments in new business areas.

"Used well, our scale enables us to build services for customers that we could otherwise never even contemplate."

(Reporting by Mari Saito; Editing by Leslie Adler)

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.