Amazon's Deep Bench Calms Investors Despite Bezos Scandal, NYC Rift
- Executives under the CEO provide day-to-day leadership
- Retreat from New York, Bezos’s distractions raise concerns
Jeff Bezos
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
It’s been a rough few weeks for the world’s wealthiest man. Amazon.com Inc. Chief Executive Officer Jeff Bezos announced his divorce. He became engulfed in a tabloid scandal complete with blackmail allegations. And, on Thursday, his company abruptly scrapped plans to invest $2.5 billion and hire 25,000 people for a giant new office in New York City.
Yet investors don’t seem to be spooked just yet. Strip out Bezos and Amazon from the headlines and the stories are more mundane. A 25-year marriage ends. A publicly subsidized office park deal falls apart. A rich guy accuses someone of blackmailing him with embarrassing photos.