Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Senator Warren blasts U.S. CEOs for 'empty' social promises

share with twitter share with LinkedIn share with facebook
09/17/2020 | 06:48pm EDT

WASHINGTON, Sept 17 (Reuters) - U.S. Senator Elizabeth Warren on Thursday blasted U.S. business leaders, including JPMorgan Chase & Co's Jamie Dimon and Walmart's Doug McMillon, for falling short on a "splashy" promise to look beyond profits when running their businesses.

Writing to the CEOs in their capacity as former and current chairs respectively of the Business Roundtable, Warren, a Democrat, said the country's top business group had been lobbying for "narrow, short-term interests" rather than the broad group of stakeholders it promised to serve last year.

Notably, the Roundtable had lobbied for legislation granting companies immunity should workers contract COVID-19 on the job, and had opposed extending unemployment benefits to workers, Warren said, citing a news report based on federal lobbying records.

"Rebuilding our economy so that workers, customers, and communities are able to share in prosperity requires real change in the way decisions are made in corporate headquarters and on Wall Street, not just the vague, empty-worded press releases that you have issued," Warren wrote in the letter, first reported by Reuters.

In a statement, a Roundtable spokeswoman said its members had demonstrated their commitment to last year's pledge by “prioritizing the health and safety of their employees and customers and continuing to evolve their businesses to be as equitable and inclusive as possible.”

She said its CEOs were pressing “Congress to provide direct payments to individuals in need and more financial support for hard-hit small and medium-sized business” and “for necessary reforms to strengthen communities and address racial injustice in policing,” adding that the group would continue to share more details with Warren.

The Massachusetts senator's broadside turns up the spotlight on corporate leaders, who are increasingly being called upon by workers and politicians to confront pressing issues such as climate change, racial justice and income inequality.

In August 2019, over 180 Roundtable members comprising CEOs of top companies such as Amazon, Apple, and Coca-Cola pledged to end its 30-year stance that corporations exist to primarily serve shareholders, and vowed to do more to support workers, their communities, and the environment.

On Wednesday, the group also promised to fight climate change by backing market-based carbon pricing and slashing U.S. greenhouse gas emissions.

Warren, a progressive former presidential candidate, wrote to the Roundtable's members in October asking for details on how they planned to fulfill last year's pledge but got "boilerplate" responses and anecdotal evidence, she said on Thursday. She added that Dimon and McMillon did not directly reply.

Corporate America's response to the pandemic belies the Roundtable's pledge, she said, with companies failing to protect and invest in essential workers and disproportionately hurting minorities at a time when racial justice should be a priority. (Reporting by Pete Schroeder; Editing by Michelle Price, Aurora Ellis and Tom Brown)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 1.52% 3211.01 Delayed Quote.73.77%
APPLE INC. 3.71% 115.32 Delayed Quote.57.09%
JPMORGAN CHASE & CO. 0.65% 97.17 Delayed Quote.-30.75%
share with twitter share with LinkedIn share with facebook
All news about AMAZON.COM, INC.
06:54pWRAPUP 1-Tech earnings tsunami buoys Alphabet, sinks Apple
06:48pMARK ZUCKERBERG : Zuckerberg Tells Analysts Election Integrity Is Ongoing Challe..
06:47pTwitter Touts Retention Rate
06:47pAMAZON COM : Sales Surge Amid Pandemic-Driven Online Shopping
06:10pApple Shares Remain Down After Company Skips Guidance on Conference Call
06:00pTwitter Bringing Back Its Analyst Day in February
05:50pHow Are the Big Five Doing After Hours?
05:50pTech Giants Are Hiring
05:41pGoogle's Cloud Business Has Already Beaten 2019 Growth
05:17pAMAZON COM : Sales Surge Amid Pandemic-Driven Online Shopping
More news
Financials (USD)
Sales 2020 370 B - -
Net income 2020 16 553 M - -
Net cash 2020 55 489 M - -
P/E ratio 2020 99,4x
Yield 2020 -
Capitalization 1 608 B 1 608 B -
EV / Sales 2020 4,20x
EV / Sales 2021 3,49x
Nbr of Employees 798 000
Free-Float 81,3%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 53
Average target price 3 743,40 $
Last Close Price 3 211,01 $
Spread / Highest target 40,1%
Spread / Average Target 16,6%
Spread / Lowest Target 4,64%
EPS Revisions
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.73.77%1 584 204
JD.COM, INC.127.31%124 965
WAYFAIR INC.212.87%26 971
ETSY, INC.215.21%16 663
MONOTARO CO., LTD.94.32%13 740