Greetings!
Businesses that are able to sidestep a recession are usually happy to shout that from the rooftops. But, as Amazon’s statement on Thursday reminded us, no company wants to be seen to be profiting from the pandemic.
Not only did the company declare it would spend its entire $4 billion operating profit this quarter on Covid-related expenses, such as keeping employees safe, its press release listed in about 30 bullet points all the things Amazon is doing to help employees, customers and communities. In reading the details, I was reminded of Instacart.
