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Amazon founder jeff bezos known for patience, focus on detail in his business ventures   the washington post
 

Amazon founder jeff bezos known for patience, focus on detail in his business ventures the washington post

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    Amazon founder jeff bezos known for patience, focus on detail in his business ventures   the washington post Amazon founder jeff bezos known for patience, focus on detail in his business ventures the washington post Document Transcript

    • 8/19/13 Amazon founder Jeff Bezos known for patience, focus on detail in his business ventures - The Washington Post www.washingtonpost.com/business/economy/amazon-founder-jeff-bezos-known-for-patience-focus-on-detail-in-his-business-ventures/2013/08/05/477a8806… 1/4 Egypt’s military vows to crush violence VIDEO | Ray Kelly defends stop-and- frisk PHOTOS | The week in news photos President Obama's summer doldrums -- in 4... Correction: Some versions of this story incorrectly stated that Jeffrey Bezos’ mother and stepfather were married just before Bezos was born. They married when Bezos was 4 years old. Amazon founder Jeff Bezos known for patience, focus on detail in his business ventures Emmaneul Dunand/AFP/Getty Images ­  Amazon founder Jeff Bezos bought the Washington Post newspaper from longtime owners the Graham family for $250 million. By Peter Whoriskey, Jia Lynn Yang and Cecilia Kang, Published: August 5 E­mail the writers Jeffrey P. Bezos, the Internet retail mogul and relentless business innovator who has agreed to buy The Washington Post, has a ​lesser-known trait that may serve him well amid the tumult of today’s crumbling newspaper business: lots of patience. The willingness to pursue a long-term vision was critical to the rise and persistence of ​- Amazon.com, the global company he built from a suburban Seattle garage and through the travails of the dot-com bust and the recession. Some of his private investments, such as his deal for The Post, are marked even more by a fascination with pursuing lofty goals requiring extremes of perseverance. Bezos has invested millions in a space flight company, a reflection of his passion for “moonshot” innovations, and, perhaps most symbolic of his endurance, he is also helping to lead an effort to build a clock that will tick for 10,000 years. Timeline Why Scientists Are Urging Men Across the Country to Build Muscle How Cruise Lines Fill All Those Unsold Cruise Cabins How to Improve Memory with Scientifically Designed Brain Exercises Start your Personal Post with National to see everything you love on one page » Actor and R&B Singer on Life Support After Bottle Attack ­ UP... Love, etc.: Gen. Wesley Clark's new girlfriend 3­Month­Old Indian Infant Keeps Catching Fire; Doctors Say Ba... Personal Post Top recommendations for you 49 m NATIONAL Paul Bunyan is now selling health insurance 51 m NATIONAL President Obama's summer doldrums -- in 4 charts More headlines for you  > The Post Most: Business BUSINESS In the News Idaho fire ‘Breaking Bad’ Egypt Prince William Lindsay Lohan   Sign In SUBSCRIBE: Home Delivery Digital Real Estate Rentals Cars Today's Paper Going Out Guide Find&Save Service Alley PostTV Politics Opinions Local Sports National World Business Tech Lifestyle Entertainment Jobs More
    • 8/19/13 Amazon founder Jeff Bezos known for patience, focus on detail in his business ventures - The Washington Post www.washingtonpost.com/business/economy/amazon-founder-jeff-bezos-known-for-patience-focus-on-detail-in-his-business-ventures/2013/08/05/477a8806… 2/4 “It’s a special Clock, designed to be a symbol, an icon for long-term thinking,” he has written of the machine, which is to be built inside a mountain in West Texas. “As I see it, humans are now technologically advanced enough that we can create not only extraordinary wonders but also civilization-scale problems. We’re likely to need more long-term thinking.” In a letter to Post employees, Bezos said that “journalism plays a critical role in a free society.” In other remarks he has made clear his belief that journalism will endure despite the challenges wreaking havoc across U.S. newsrooms. Bezos has said he reads newspapers only in their digital form and warned that the industry’s prosperity depends on its transition to new media. “Journalism is not going to disappear,” Bezos told the German newspaper Berliner Zeitung in a November interview. “We have found out that people are willing to pay for their newspaper subscriptions on their tablets,” he said. “Tablets will further influence our everyday life. Soon every household will have more than one tablet. This will be normal. And these trends will strengthen newspapers.” When asked whether the Kindle Fire or iPad could save newspapers, Bezos said: “I would not go that far and speak of saving newspapers. The enduring transition period from printed to digital newspapers is difficult to handle for many publishing houses businesswise, because they have to offer print and digital at the same time. They have to be present at both fields, and that is a problem.” He predicted in the interview that printed newspapers will not be commonly used in 20 years. Born in 1964 in Albuquerque to a 17-year- old mother, Bezos never met his biological father. He was adopted by Mike Bezos, who married his mother just before he was born. Jeff took his stepfather’s last name. The family moved around a bit, and Bezos graduated as class valedictorian from a high school in Miami-Dade County, already harboring dreams of being a space entrepreneur. He attended Princeton, from which he graduated summa cum laude majoring in electrical engineering and computer science. While working at the hedge fund D.E. Shaw in New York and researching the possibilities of e-commerce, Bezos realized that one of the most obvious Jeff Bezos' other personal ventures. For Bezos, a demanding style behind that patient approach Craig Timberg and Jia Lynn Yang AUG 7 One thing the Amazon chief and incoming owner of The Post has little patience for? Hoop­jumping. The Post sale: From unthinkable choice to the clearest option Craig Timberg and Jia Lynn Yang AUG 6 How the decision to sell the heralded newspaper quickly became reality after it was proposed late last year. After Post sale, Graham is likely to continue to diversify company Thomas Heath AUG 6 Company owns various businesses that have little in common. Amazon’s Washington presence surges along with its business Holly Yeager and Carol D. Leonnig AUG 6 The Internet giant has sharply boosted its lobbying efforts to shape policy on taxes and other issues. With The Washington Post sold, will New York Times be next? Paul Farhi AUG 6 Family that owns the paper insists it’s not selling. That was unthinkable for The Post, too. Until it happened. An open letter to Jeff Bezos Gene Weingarten AUG 6 Welcome to The Post. I hope you have a clear vision of where to take this remarkable enterprise. An Amazon­style model could reboot the newspaper industry Matea Gold and Cecilia Kang AUG 6 Analysts say technology perfected by the online retailer could give Post readers personalized news feeds. Why Bezos usually buys things Lydia DePillis AUG 6 Amazon has always expanded by accretion, but its purchases have very different fates. Details of Bezos deal to buy Post Neil Irwin and Ylan Q. Mui AUG 5 The $250 million purchase price is richer than many of those received by other legacy print media properties in recent years. Bezos is known for his patience Peter Whoriskey, Jia Lynn Yang and Cecilia Kang AUG 5 His willingness to pursue a long­ term vision was critical to the rise and persistence of Amazon. Most Popular 1.  Here's what you find when you scan the entire Internet in an hour 2.  How baby­boomer homeownership trends could affect the local economy 3.  Here's a decapitated snake head attacking its own body 4.  The jobs and wealth gap persists 5.  Conservatives don't get that some problems are public Top Videos Top Galleries   World Markets from Americas Asia Europe Middle East LastIndex Status Today's Change DJ IND. AVG open 15,088.94 7.47 0.05% S&P 500 INDEX (CME) closed 1,655.83 ­5.49 ­0.33% NASDAQ COMP open 3,620.71 17.93 0.50%   Other Market Data from Commodities Currencies Bonds 0.04% 3.62% 0.32% 2.75% 2.44% Future / Expiration USD / Unit Today's Chg   Light Sweet Crude Sep13 107.50 USD/Bbl.   Natural Gas Sep13 3.49 USD/MMBtu   Gold Dec13 1,366.60 USD/T Oz.   Corn Dec13 476.25 USd/Bu.   Soybeans Nov13 1,290.00 USd/Bu.   Key Rates from Local Rates National Rates Data Provided By   Avg Rate DC 1 Wk Prior $10K Money Market Account 0.43% 0.43% $30K Home Equity Loan 6.14% 6.12% 1 Year CD 0.50% 0.50% 15Yr Fixed Mortgage 3.52% 3.40% 30Yr Fixed Mortgage 4.53% 4.31% Sign­up for e­mail newsletters and alerts and get the news you need delivered directly to your inbox.   See all Washington Post Newsletters Post Newsletters & Alerts Local Business Alerts Economy & Business News Alerts Technology News Alerts Capital Business Ezra Klein's Wonkbook Personal Finance TechNews Daily Report Subscribe
    • 8/19/13 Amazon founder Jeff Bezos known for patience, focus on detail in his business ventures - The Washington Post www.washingtonpost.com/business/economy/amazon-founder-jeff-bezos-known-for-patience-focus-on-detail-in-his-business-ventures/2013/08/05/477a8806… 3/4 Discussion Policy  |  FAQ  |  About Discussions  |  About Badges 8/6/2013 6:39 AM GMT­0500 8/6/2013 6:43 AM GMT­0500 8/6/2013 9:39 AM GMT­0500   buck wrote: Please, please, please turn this liberal rag into something American. Give us one day without wiping obama's butt and one week without a negative Redskin name story. Mr. French responds: Because liberals and anyone who disagrees with a conservative viewpoint are anti­American. I know Bezos isn't going to bend to any particular viewpoint, and that's why there will be an improvement. Wapo is too liberal but swinging the pendulum in the opposite direction won't be an improvement either. rj2835a responds: WaPo is liberal on some issues ­ gay rights, the poor, definitely guns (my biggest problem with the newspaper). But they're decidedly moderate on economic issues, pushing for more entitlement reform than most liberals would like. And I agree with Mr. French ­ it's ridiculous to equate liberal with "not American." Face it, buck, Americans come in all different shapes, sizes, colors, and opinions. View all comments » Add your comment | Reply to a comment | Recommend a comment | Report an offensive comment things to sell online was books. How to Improve Memory with Scientifically Designed Brain Exercises Why Scientists Are Urging Men Across the Country to Build Muscle How Cruise Lines Fill All Those Unsold Cruise Cabins Continued 1 2 3 Next Page Reprints Comments83 Top Business Stories Most Popular Videos Lessons from Amazon, applied to a newspaper Drones poised to be $11 billion yearly business Jeff Bezos: The newest newspaper man Featured Advertiser Links Looking to buy a home? Visit TWP Real Estate section for the latest open houses. Wireless Solves Parking Nightmare Sign up to join Terry McAuliffe's campaign! Paid for by Terry McAuliffe for Governor. Sponsored Links Today’s Top Stock Pick Investors Fired Up About Rapid Industry Growth­­Learn More! www.OTCStockPick.com Hot New Penny Stock Here Don't Miss Out on Explosive Returns­Buy OMVS Now! OMVS.com/Investors Get Athena Pheromones Enjoy more affection! Biologist Winnifred Cutler's unscented formulas. www.athenainstitute.com   Buy a link here   Go to The Post's Real Estate Real Estate Washington ranks high in walkability and in fast home sales. $919,900, 6 bd / 6 bath Reduced Price Darnestown, MD $439,000, 2 bd / 2 bath Recently Listed Falls Church, VA Town Square | Rockville apartments get upscale makeover Listings Search by Address, City, Zip, Neighborhood
    • 8/19/13 Amazon founder Jeff Bezos known for patience, focus on detail in his business ventures - The Washington Post www.washingtonpost.com/business/economy/amazon-founder-jeff-bezos-known-for-patience-focus-on-detail-in-his-business-ventures/2013/08/05/477a8806… 4/4 Sponsored Links Today’s Top Stock Pick Investors Fired Up About Rapid Industry Growth­­Learn More! www.OTCStockPick.com Hot New Penny Stock Here Don't Miss Out on Explosive Returns­Buy OMVS Now! OMVS.com/Investors Get Athena Pheromones Enjoy more affection! Biologist Winnifred Cutler's unscented formulas. www.athenainstitute.com   Buy a link here   Politics Opinions Local Sports National World Business Tech Lifestyle Entertainment Photo Video Blogs Classifieds More ways to get us Home delivery Mobile & Apps RSS Facebook Twitter Social Reader Newsletter & Alerts Washington Post Live Reprints & Permissions Post Store e­Replica Archive Contact Us Help & Contact Info Reader Representative Careers Digital Advertising Newspaper Advertising News Service & Syndicate About Us The Washington Post Company In the community PostPoints Newspaper in Education Digital Publishing Guidelines Partners washingtonpost.com © 1996­2013 The Washington Post Terms of Service Privacy Policy Submissions and Discussion Policy RSS Terms of Service Ad Choices