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Bezos is not just the CEO of Amazon.com. He is also the founder and chairman as well. He started the company from scratch himself in 1994 out of his garage. He was working on Wall Street and had become inspired by the recent interest in the internet. The internet had just started to become available in homes and he saw the potential for making money on the internet as a retailer. Another driving force behind Bezos’ decision to start Amazon was the fact that he didn’t have to charge sales tax to customers when they made purchases on his website.
Amazon started out as an e-commerce retailer that sold books that people had trouble finding in stores. The fact that Amazon was offering products to people that they were having trouble finding before was a huge part of the foundation of the company’s fast growth. Amazon started out selling book but now sells just about anything that people can shop for. The ingenuity and work ethic of Steve Bezos has helped develop and keep Amazon at the top of the industry when it comes to e-commerce.
Amazon got its start selling books online and now has completely changed the industry again using books. The Amazon Kindle is the flagship product that was developed and released under Bezos’ watch. This electronic device allows users to download and read books straight to the device. It cuts out time waiting on books to be shipped. It is also healthy for the environment because paper no longer needs to be used to print books when the device is being used. They are also great for the consumer because they have driven the cost of books down dramatically as well. Books on an Amazon Kindle can cost as a little as a third less than buying them in print.
Steve Bezos has not only been great for customers. He has also been great for investors as well. Amazon has been one of the most profitable companies on Wall Street since it went public. In fact, Bezos has given shareholders a 124.3 times return on their investment since he made the company public. This is much higher than what shareholders would expect even from other successful CEOs on the market.
Steve Bezos is America’s greatest living CEO not just because he makes his investors a lot of money. He has changed the way that people purchase products. He has also saved consumers money by doing this. He has also completely revolutionized the way that people purchase and read books through a product that saves consumers money and helps the environment, the Amazon Kindle. Steve Bezos is a great CEO because he makes products cheaper while still finding a way to give his shareholders a huge return on their investment.
Derek is an active blogger for an NJ website development company.
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