Bezos, hunting for big wins, is comfortable with big fails - News Summed Up

Bezos, hunting for big wins, is comfortable with big fails


Amazon's Jeff Bezos challenged other retailers to raise wages and improve benefits for their employees, saying the competition will help everyone. Walmart Inc., based in Bentonville, Arkansas, raised its starting pay to $11 an hour in early 2018. The pilots staging protests are from Atlas Air, Southern Air and ABX Air. In his letter Thursday, Bezos said Amazon's Fire phone was a failure, but that its Echo and Alexa smart speakers have been tremendously successful. Bezos said one "big winning bet" can cover the cost of the clunkers, and that calculus has been playing out at Amazon.


Source: ABC News April 11, 2019 13:04 UTC



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