BEZOS EYES WASHINGTON
The market value of Amazon recently rose over $1 trillion. That makes Amazon founder Jeff Bezos worth around $166 billion — his salary $260 million a day, according to the Bloomberg Billionaires Index. This phenomenon vexes Sen. Bernard Sanders, who has launched a petition against the wages Mr. Bezos offers his employees, but that is another story.
Meanwhile, Mr. Bezos seeks to establish “HQ2,” the acronym for a second headquarters for his vast Seattle-based company. Forbes magazine says he will head to the nation’s capital, where he already owns The Washington Post.
“Forbes is betting on Washington, D.C., where Bezos already has a base and which has the talent, logistics and access to influencers; by short-listing both the Virginia and the Maryland suburbs, as well as the District of Columbia, Bezos can also play three governments within one metropolitan area against each other for the best sweetheart deal,” writes Randall Lane, the magazine’s editor — who managed to get an interview with Mr. Bezos himself.
The tycoon revealed that he doesn’t get involved much with day-to-day operations, and is more interested in roadmap-style management, his gaze trained on the future.
“I very rarely get pulled into the today. I get to work two or three years into the future, and most of my leadership team has the same setup,” Mr. Bezos said.
“Friends congratulate me after a quarterly earnings announcement and say, ‘Good job, great quarter,’ and I’ll say, ‘Thank you, but that quarter was baked three years ago.’ I’m working on a quarter that’ll happen in 2021 right now,” Mr. Bezos said. “I come up with ideas. We could sit here with an idea, and I could fill this whiteboard in an hour with 100 ideas.”