Month: February 2001

IF ALL YOU’VE GOT IS A HAMMER, YOUR PROFIT MARGINS GET NAILED

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“We’ll ferociously manage the products we carry so that we sell only products that are profitable. The thirty-pound box of nails isn’t long for our world.”

Amazon.com CEO Jeff Bezos, in a company memo about plans to make money selling things by selling things that make money, The Wall Street Journal, 2 February 2001

AND THAT HORN YOU HEAR IS THE CLUE TRAIN A-COMIN’

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“We’re very focused on profitability and that’s the light at the end of the tunnel for us.”

Epinions CEO Nirav Tolia, on the company’s sudden discovery that it didn’t need 24 of its 88 employees, News.com, 30 January 2001