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Amazon - 2020
Visit Dear Shareholders website to get updates and vote on what shareholder letters come next.
Show Notes:
Amazon's growth and wealth creation. 0:00
Amazon's 1997 letter to shareholders highlights the company's growth and innovation, including the launch of Prime, Alexa, and AWS.
Jeff Bezos highlights Amazon's $1.6 trillion wealth creation for shareholders, but notes it's not the largest part of the company's value.
Amazon's value creation for shareholders, employees, and third-party sellers. 3:28
Amazon generated $25 billion in value for third-party sellers in 2020 through time savings.
Amazon generated $164 billion in customer value in 2020, with $21 billion for shareholders and $91 billion for employees.
Amazon prioritizes creating value for employees beyond just pay and benefits.
Employee satisfaction and safety at Amazon. 9:31
Amazon prioritizes employee satisfaction and well-being, with 94% of fulfillment center employees recommending the company as a place to work.
Amazon aims to be Earth's Best Employer and Safest Place to Work, with a focus on new initiatives and inventions to support employee success.
Amazon prioritizes safety, investing $300M in 2021 and implementing new programs to reduce workplace injuries.
Leading on wages, climate change, and sustainability. 14:07
Amazon's decision to raise its minimum wage to $15 per hour led to a 4.7% increase in average hourly wages in the same labor market.
Amazon aims to be Earth's Best employer and safest place to work, and will continue to lead on wages, benefits, and upskilling opportunities.
Amazon and 53 other companies commit to achieving net zero carbon emissions by 2040.
Sustainability and distinctiveness in business. 19:12
Jeff Bezos announces Amazon's investment of over $1 billion in electric vehicle technology, including 100,000 Rivian electric delivery vans.
Bezos launches $2 billion Climate Pledge Fund to invest in innovative companies accelerating the transition to a low-carbon economy.
Richard Dawkins' book The Blind Watchmaker highlights the importance of maintaining distinctiveness in living things, as they work to avoid coming into equilibrium with their surroundings.
The passage suggests that this phenomenon occurs at all scale levels, including individuals, democracies, and societies, and that maintaining distinctiveness requires continuous effort to avoid merging into the surrounding environment.
Bezos emphasizes the importance of embracing and being realistic about the energy required to maintain distinctiveness in the face of external pressures.
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By Brock BriggsVisit Dear Shareholders website to get updates and vote on what shareholder letters come next.
Show Notes:
Amazon's growth and wealth creation. 0:00
Amazon's 1997 letter to shareholders highlights the company's growth and innovation, including the launch of Prime, Alexa, and AWS.
Jeff Bezos highlights Amazon's $1.6 trillion wealth creation for shareholders, but notes it's not the largest part of the company's value.
Amazon's value creation for shareholders, employees, and third-party sellers. 3:28
Amazon generated $25 billion in value for third-party sellers in 2020 through time savings.
Amazon generated $164 billion in customer value in 2020, with $21 billion for shareholders and $91 billion for employees.
Amazon prioritizes creating value for employees beyond just pay and benefits.
Employee satisfaction and safety at Amazon. 9:31
Amazon prioritizes employee satisfaction and well-being, with 94% of fulfillment center employees recommending the company as a place to work.
Amazon aims to be Earth's Best Employer and Safest Place to Work, with a focus on new initiatives and inventions to support employee success.
Amazon prioritizes safety, investing $300M in 2021 and implementing new programs to reduce workplace injuries.
Leading on wages, climate change, and sustainability. 14:07
Amazon's decision to raise its minimum wage to $15 per hour led to a 4.7% increase in average hourly wages in the same labor market.
Amazon aims to be Earth's Best employer and safest place to work, and will continue to lead on wages, benefits, and upskilling opportunities.
Amazon and 53 other companies commit to achieving net zero carbon emissions by 2040.
Sustainability and distinctiveness in business. 19:12
Jeff Bezos announces Amazon's investment of over $1 billion in electric vehicle technology, including 100,000 Rivian electric delivery vans.
Bezos launches $2 billion Climate Pledge Fund to invest in innovative companies accelerating the transition to a low-carbon economy.
Richard Dawkins' book The Blind Watchmaker highlights the importance of maintaining distinctiveness in living things, as they work to avoid coming into equilibrium with their surroundings.
The passage suggests that this phenomenon occurs at all scale levels, including individuals, democracies, and societies, and that maintaining distinctiveness requires continuous effort to avoid merging into the surrounding environment.
Bezos emphasizes the importance of embracing and being realistic about the energy required to maintain distinctiveness in the face of external pressures.