Amazon’s deep bench calms investors despite Bezo’s scandal NYC rift
Amazon still has more than 100 million Prime members, whose subscription fees make them more loyal to the company because they can capitalize on shipping discounts
Its been a rough few weeks for the worlds wealthiest man. Amazon.com’s Chief Executive Officer (CEO) Jeff Bezo’s announced his divorce.
He became engulfed in a tabloid scandal complete with blackmail allegations. On Thursday, his company abruptly scrapped plans to invest $2.5 billion and hire 25,000 people for a giant new office in New York City (NYC).
Yet investors don’t seem to be spooked just yet. Strip out Bezo’s and Amazon from the headlines and the stories are more mundane. A 25-year marriage ends. A publicly subsidized office park deal falls apart. A rich guy accuses someone of blackmailing him with embarrassing photos.