Reuters
- Amazon SVP Russell Grandinetti said it’s for society and government to figure out how to deal with the company becoming a $ 178 billion disruptor in the retail sector.
- “I don’t think it’s our job to do anything but try to be really good at what we do,” he told The Sunday Times.
- Amazon CEO Jeff Bezos has said a number of times that the company is ready for a debate about regulation.
Amazon is a $ 178 billion disruptor in the retail sector. Its sheer scale has marked it out as a target for US President Donald Trump, who reportedly obsesses over the company’s impact on the US Postal Office, the amount of tax it pays, and the potential harm it is causing other retailers.
“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!” Trump tweeted in August last year.See the rest of the story at Business Insider
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