Power Top Ten (USA) #6: Amazon founder, Washington Post Publisher Jeff Bezos

Power Top Ten (USA) #6: Amazon founder, Washington Post Publisher Jeff Bezos

Image: Amazon Founder Jeff Bezos.

The Golden Hammer Staff Reports

Seattle and Washington, D.C., December 15 – Jeff Bezos, the Publisher of The Washington Post, owner of spaceflight services company Blue Origin, partner in biotechnology company Altos Labs, and venture capitalist through Bezos Expeditions is easily the sixth most powerful of the Power Top Ten in the United States. Most importantly, he is the Founder and Executive Chairman of Amazon, the company which has transformed shopping in the western world.

The Golden Hammer, Montgomery County’s leading daily newspaper, continues the tradition of listing the Power Top Ten, the ten most powerful people in the United States. The Power Top Ten doesn’t commemorate the ten best people in America necessarily, but the most powerful people who are actually able to accomplish political, business, or policy goals. In other words, she or he can get things done in America. 

So far, The Golden Hammer has named four other people in the Power Top Ten:

#7, West Virginia United States Senator Joe Manchin

#8, New York Congresswoman Alexandria Ocasio-Cortez

#9, Florida Governor Ron DeSantis

#10, President Joe Biden.

#6: Amazon founder Jeff Bezos

Bezos resigned from his hedge fund job and founded Amazon in his garage in 1994. He named it after the Amazon River and hoped the company would become the world’s largest bookstore.

It took nine years for Amazon to become profitable and the company took a bit of a different direction that Bezos had originally envisioned. Rather than focusing on the sale of books, Amazon’s branching into the sale of other consumer products ultimately overwhelmed the bookstore concept. Today,

In February 21, 2021, after his divorce, Bezos announced he would retire as Chairman and Chief Executive Officer of Amazon before the end of the year. In his final letter to Amazon employees on September 4, 2021, Bezos quoted geneticist Richard Dawkins, who said, “Staving off death is a thing that you have to work at… If living things don’t actively work to prevent it, they would eventually merge with their surroundings and cease to exist as autonomous beings. That is what happens when they die.”

Bezos brings three things to every project on which he works: brilliance, an unlimited drive to succeed, and a whole lot of capital.

Bezos’ Blue Origin spaceflight company seeks to become the first passenger spaceline. It’s quite different from SpaceX, Elon Musk’s space exploration company. Bezos hopes to bring space travel to the retail masses, as he works to reduce costs and seek genuine profitability, a process similar to his founding of Amazon as a company which expected to lose money for the first several years of its existence.

With his electrical engineering background and his long experience repairing Caterpillar tractors on his grandfather’s ranch as a child, Bezos is a hands-on designer within several of his companies. Bezos expects perfection of his employees and has a reputation as one of the most demanding bosses in the history of industry. Bezos describes his approach to management as “regret minimization.” But his Amazon employees, especially those who work in the Amazon warehouses, describe Bezos as just plain “rude.”

Whatever the drawbacks may be of his management style, with his amazing creativity, Jeff Bezos truly gets things done.

 

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