Jeff Bezos

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Jeff Bezos

Introduction

Jeff Bezos born Jeffrey Preston Jorgensen; January 12, 1964 is an American technology entrepreneur, investor, and philanthropist. He is the founder, chairman, and chief executive officer of Amazon.com, which became the world’s largest online shopping retailer. The company began as an Internet merchant of books and expanded to a wide variety of products and services, most recently video streaming and audio streaming. Amazon.com is currently the world’s largest Internet sales website on the World Wide Web.

JeffBezos
Jeff Bezos

Business career

After graduating from Princeton in 1986, Bezos worked on Wall Street in the computer science field. Then he worked on building a network for international trade for a company known as Fitel. He next worked at Bankers Trust. Later on he also worked on Internet-enabled business opportunities at D. E. Shaw & Co.

Amazon.com

Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle, writing up the Amazon business plan on the way. He initially set up the company in his garage. He had left his “well-paying job” at a New York City hedge fund after learning “about the rapid growth in Internet use”, which coincided with a then-new U.S. Supreme Court ruling holding that mail order companies were not required to collect sales taxes in states where they lack a physical presence.”

amazon
Bezos founded Amazon.com in 1994

Bezos is known for his attention to business details. As described by Portfolio.com, he “is at once a happy-go-lucky mogul and a notorious micromanager: “an executive who wants to know about everything from contract minutiae to how he is quoted in all Amazon press releases.”

On August 15, 2015, The New York Times wrote an article entitled “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace” about Amazon’s business practices and Bezos responded to his employees with a Sunday memo claiming it doesn’t represent the company he leads and challenged its depiction as “a soulless, dystopian workplace where no fun is had and no laughter heard”, and to contact him directly if true.