Amazon's Infamous 1997 Letter to Shareholders was Reportedly Co-Written by the Company's First CFO, Joy Covey
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- In 1997, Amazon issued its first letter to shareholders. It has since become infamous in the tech industry, and core to Amazon's origin story.
- It laid out Amazon's long-term goals, and stressed to investors the importance of focusing on long-term value over short-term returns — a strategy since adopted by many major internet companies, from Uber to WeWork.
- The letter is signed by Amazon CEO Jeff Bezos, and has always been attributed to him...