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Tuesday, January 1, 2019

Amazon CEO Jeff Bezos knows which horse to ride !!


Amazon.com, Inc., doing business as Amazon is a multinational technology company focusing in e-commerce, cloud computing, and artificial intelligence in Seattle, Washington.   It is one of the Big Four or "Four Horsemen"  (and can you identify the horseman below ?) of technology along with Google, Apple and Facebook due to its market capitalization, disruptive innovation, brand equity and hyper-competitive application process.   Amazon was ranked as the world's most desired employer in 2018 LinkedIn Top Companies ahead of Google, Facebook and Goldman Sachs.

It is the largest e-commerce marketplace and cloud computing platform in the world as measured by revenue and market capitalization. Amazon has separate retail websites for the United States, the United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, Mexico, Singapore, and Turkey.   Amazon also offers international shipping of some of its products to certain other countries.   In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.

The Amazon logo is an extremely simple logo and while the arrow may just look like a smile it actually points from a to z. This represents that Amazon sell everything from a to z and the smile on the customers face when they bought a product. As Amazon’s workforce has more than doubled over the past three years, workers at Amazon fulfillment center warehouses in the United States have started organizing and pushing toward forming a union to fight back against the company’s treatment of its workers. Amazon’s global workforce reached more than 613,000 employees worldwide according to its latest quarterly earnings report, not including the 100,000 temporary employees the company hired for the holiday season.

Just a few months after Amazon opened its first New York-based fulfillment center in Staten Island, workers announced on 12 December the launch of a union push with help from the Retail, Wholesale and Department Store Union. “Amazon is a very big company. They need to have a union put in place,” said an Amazon worker who requested to remain anonymous. The worker has been with the company for two years and was transferred to Staten Island when it opened in October 2018. Other employees cited working conditions as one of the prevailing factors for wanting to form a union. They noted that to keep up with that hourly rate, workers cannot take bathroom breaks or they risk Tot (time off task points) that could be used to justify job termination.

In a statement during the announcement of the union push,  it was  claimed workers are overworked, pressured with frivolous disciplinary actions and security lines at the exit cut into breaks and extended work shifts, unpaid.  “We are not robots. We are human beings. We cannot come into work after only four hours of sleep and be expected to be fully energized and ready to work. That’s impossible,” reported a spokesperson .. and  Amazon responded with a statement: “To claim Staten Island workers want a union is not a fair representation of the vast majority of the employees at this site.”

Away at a Western store in Aspen, Colarado,  Amazon CEO Jeff Bezos turned heads when he hopped on a horse and rode it.  Photos and videos of Bezos' jaunt through Kemo Sabe quickly circulated on social media as users were stunned to see how comfortable the tech magnate appeared in such rustic circumstances.  Bezos, who saw his net worth increase by more than other billionaire peers in 2018, flashed a big smile as he entered the store wearing a large cowboy hat in a clip shared by the store.   The Amazon CEO increased his wealth by $24billion in 2018. He ended the year with a net worth of $123billion, according to Business Insider.  The Texas quarter horse he was riding, named Bean, is said to belong to shop owner and Bezos pal Tom Yoder.  (photo at the start)

Jeff Bezos is best known as the founder and CEO of online giant Amazon.  Born in New Mexico and raised in Houston, Texas, he went on to attend the prestigious Princeton University and graduated in 1986.   After a decade or so of work on Wall Street, Mr Bezos founded his own company in 1994. He initially called his company Cadabra, and then reportedly changed the name to Amazon when a colleague misheard it as 'cadaver'. Initially, it was launched as an online book store working out of Bezo's garage in Seattle but rapidly grew to include a variety of goods and services.  Now, Amazon is one of the biggest companies in the world and the most successful website in the world. 

Jeff Bezos married since 1944 has four children and controls share of 17 per cent in his first company, Amazon.  In 2017, Jeff Bezos surpassed Bill Gates to become the richest person in the world, and the richest person of the modern world.

With regards – S. Sampathkumar
1st Jan 2019.

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