Amazon Investors Give CEO Bezos Room to Run ⇥ businessweek.com

Danielle Kucera and Roben Farzad of Bloomberg Businessweek:

Amazon.com’s Jeff Bezos has the kind of investors any chief executive officer would envy. While others must contend with restive shareholders who demand steadily increasing profits or bigger dividends, Bezos has nearly free rein to pursue his strategy of ignoring earnings and spending heavily to expand into new businesses.

I’m consistently amazed at the special treatment investors give to Amazon. No other company can get away with what they do; there’s no way that Amazon Prime and same-day delivery are making a profit, but investors don’t expect them to (yet).