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19-07-2022, 08:40 AM
MON, JUL 18, 2022 - 9:33 PM
WHEN Jeff Bezos was chief executive officer of Amazon, he took an arms-length stance toward the company’s affairs in Washington. He rarely lobbied lawmakers. He testified only once before Congress, under the threat of subpoena.
Andy Jassy, his successor, is trying a different approach.
Since becoming Amazon’s CEO last July, the 54-year-old has visited Washington at least thrice, to traverse Capitol Hill and visit the White House.
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Amazon’s most immediate regulatory threat is the proposed American Innovation and Choice Online Act, which would stop large digital platforms from giving their own products preferential treatment.
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As Amazon faces the possibility of a federal antitrust lawsuit and continued skepticism of its power, Jassy may be a potent advocate for the company, said Daniel Auble, a senior researcher at OpenSecrets.
“Not many lobbyists would be able to sit down with — or even get a call with — most of the members of congressional leadership at all,” he said. “But of course the CEO of Amazon can get them all on the phone.”
Much better to read full report at: https://www.businesstimes.com.sg/compani...-bezos-way
WHEN Jeff Bezos was chief executive officer of Amazon, he took an arms-length stance toward the company’s affairs in Washington. He rarely lobbied lawmakers. He testified only once before Congress, under the threat of subpoena.
Andy Jassy, his successor, is trying a different approach.
Since becoming Amazon’s CEO last July, the 54-year-old has visited Washington at least thrice, to traverse Capitol Hill and visit the White House.
......
Amazon’s most immediate regulatory threat is the proposed American Innovation and Choice Online Act, which would stop large digital platforms from giving their own products preferential treatment.
......
As Amazon faces the possibility of a federal antitrust lawsuit and continued skepticism of its power, Jassy may be a potent advocate for the company, said Daniel Auble, a senior researcher at OpenSecrets.
“Not many lobbyists would be able to sit down with — or even get a call with — most of the members of congressional leadership at all,” he said. “But of course the CEO of Amazon can get them all on the phone.”
Much better to read full report at: https://www.businesstimes.com.sg/compani...-bezos-way
