Friday, March 25, 2016

How Jeff Bezos Became a Power Beyond Amazon - Fortune

Excerpt from an overview of the Jeff Bezos (#1 in the latest Fortune ranking of the "world's greatest leaders") business empire

"It’s unnerving to hear the current “it” editor of American journalism waxing eloquent about outdoing the Huffington Post, pooh-poohing the need for far-flung staff correspondents, and describing how the Post employs the work of other sites. Is he really okay with all this newfangled, journalistically questionable fare? Says Baron: “I have no interest in dying gracefully.”

For his part, Bezos professes his belief in the Post’s democracy-­sustaining mission—if not its potential to increase his wealth. “I would not have bought the Washington Post if it had been a financially upside-down salty-snack-food company,” he says. Bezos describes being 10 years old, sprawled on the floor of his grandfather’s house, watching the Watergate hearings. The Post, of course, achieved its maximum renown covering that political scandal. “We need institutions that have the resources and the training and the skill, expertise, to find things,” Bezos says. “It’s pretty important who we elect as President, all those things, and we need to examine those people, try to understand them better.” (Bezos emphasizes he’s not looking to buy any other publications, though he is regularly solicited.)"
How Jeff Bezos Became a Power Beyond Amazon - Fortune
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