For Ama­zon, it’s biz as usual de­spite CEO drama

DNA Sunday (Mumbai) - - SECOND FRONT PAGE -

New York: First it was a heart-wrench­ing tweet that he and his wife were get­ting a di­vorce af­ter 25 years. Then a tabloid re­vealed that he’d been hav­ing an af­fair, re­leas­ing texts and pho­tos of him and his mis­tress.

As if ei­ther of those weren’t dis­tract­ing enough, now Jeff Be­zos — the world’s rich­est man and CEO of Ama­zon — is ac­cus­ing The Na­tional En­quirer in a blog post of try­ing to black­mail him by threat­en­ing to re­lease more in­ti­mate pho­tos of him un­less he calls off an in­ves­ti­ga­tion into how that in­for­ma­tion was ob­tained in the first place.

But de­spite the all-con­sum­ing per­sonal drama, an­a­lysts and ex­perts don’t ex­pect it to make much dif­fer­ence to Ama­zon it­self, the com­pany Be­zos has steered from an on­line book­store two decades ago to a world­wide jug­ger­naut.

Michael Pachter, an an­a­lyst at Wed­bush Se­cu­ri­ties, es­ti­mates the im­pact on the com­pany to be “0.000 per­cent.” “I’m cer­tain in­vestors won’t care,” he said.

Oth­ers say Be­zos has been able to bal­ance his re­spon­si­bil­i­ties at the helm of the world’s largest on­line re­tailer while jug­gling other pur­suits: run­ning a space ex­plo­ration firm and own­ing the Wash­ing­ton Post, one of the na­tion’s most in­flu­en­tial news­pa­pers.

“He’s ex­traor­di­nar­ily driven,” says Chris McCabe, who used to work at Ama­zon.—AP

I founded Ama­zon in my garage 24 years ago, and drove all the pack­ages to the post of­fice my­self. To­day, Ama­zon em­ploys more than 6L peo­ple. Jeff Be­zos, in a blog

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