In 1997, Amazon CEO Jeff Bezos wrote his first letter to shareholders and began a tradition that would be emulated by startup CEOs for years to come.  Bezos’ original letter presented a bold vision for the evolving retailer: a relentless focus on customers above all else, and prioritization of reinvestment over short-term shareholder returns.

With Bezos scheduled to step down later this year, he published his final letter.

Read the full letter:

2020 Letter to Shareholders