Quote:
Originally Posted by TGS
Since Amazon exists, and since it seems to do quite well, the social responsibility of the prevailing culture seems to be such that it either thinks the conditions at Amazon are civilised enough, or it doesn't care.
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See:
http://www.businessweek.com/articles...profit-margins
Amazon's Jeff Bezos Doesn't Care About Profit Margins
And:
http://www.bizjournals.com/seattle/b....html?page=all
Amazon posts Q4 profit, but a net loss for the year
The stock market has a good deal of patience for growing tech companies, but eventually Bezos will have to deliver substantial profits or face loss of his company. When he gets to that point, failure to build a loyal workforce will make success less likely.
As for the prevailing culture, I suppose most people who read these press stories still patronize Amazon. But if the stories keep coming, it will hurt Amazon. There are a lot of people, in the US, who shop at Target because WalMart gets more negative publicity.
Just from a business standpoint, it might well help Amazon to get a deserved reputation as a good employer of the Costco/Wegman's/Overstock.com type. My guess is that Bezos is a decent human being who would be glad to see Amazon on Best Employer lists. Good management is quite hard to pull off.