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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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A Retail Revolution Turns 10





I still don't think Amazon justify the current valuation of more than $14 billion.

From New York Times:

Then Mr. Bezos, like the movie hero who saves the day with only moments to spare, turned things around. He shut some distribution centers and laid off one-seventh of his work force. In 2003 - its ninth year of operations, and seven years after going public - Amazon finally turned a profit.

"You have to give Jeff credit," Mr. Anderson said. "His goal was to turn Amazon into the Wal-Mart of the online world and, eureka, he's done it."

But, he added, it's time for Mr. Bezos to do as the founders of so many other technology companies have done before him: find a professionally trained chief executive with a deep background in operations to take the reins.

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