Thanks to “Larry the Recruiter” of Management and Capital Partners for pointing out this interesting video from NYU Marketing Professor Scott Galloway.
Amazon is notorious for de-prioritizing profits and instead focusing on growth.
Professor Galloway makes the point that Amazon’s sacrifice of profits has boosted its market value so much that Amazon now has 10X the market value dollars that it can use to attract talent (it does this through stock packages).
Specifically, Amazon generates about $1.2 million in market value per employee which dwarfs other retailers (see screen shot below) — Walmart, for example, has a relatively smaller market value of about $90,000 per employee.
Interesting insight. Thanks, Larry!