Amazon CEO Jeff Bezos gave a "shocking" admission last week at a meeting that got a record from CNBC.
Despite the value of the company, which is approaching the trillion dollars, and despite being the richest man in modern history, but Bezos, confirmed that his giant company will be defeated one day, according to Business Insider.
"Amazon is not too big to fail," said Bezos. "Amazon is going to go bankrupt." If you look at big companies, they are about 30 years old, not 100 years old.
Bezos's conversation has raised eyebrows. It is unusual for CEOs - especially the president of one of the world's most successful companies - to talk about their company in such a way.
"The goal is to delay the inevitable (failure) for as long as possible - and the way to do that is to focus on customers," Bezos said.
"If we start focusing on ourselves, rather than focusing on our customers, that will be the beginning of the end ... we have to try to delay that day for as long as possible."
