Zappos CEO hands out bonuses, Kindles after Amazon deal |
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Zappos CEO hands out bonuses, Kindles after Amazon deal
Zappos CEO Tony Hsieh is still riding high from his big acquisition deal with Amazon.com. Hsieh just tweeted about giving Zappos staffers a "big bonus" and said he and Zappos CFO Alfred Lin are "personally buying a Kindle for every employee."
According to recent Twitter updates, Hsieh and Lin were visiting a Zappos fulfillment center in Kentucky, where they held a company all-hands meeting. I have a call in to a Zappos spokeswoman for more details on the bonus and Kindle give-away. Zappos on its website says it has over 1,400 employees -- that's a lot of Kindles.
Zappos is known for its quirky company culture and emphasis on customer service, which was a big selling point for Amazon CEO Jeff Bezos (Bezos told Zappos employees in a video message that he gets "weak-kneed" thinking about a "customer-obsessed" company like theirs). Could the bonus and Kindles be part of an effort to keep Zappos staff in place after Amazon takes over?
Amazon's acquisition of the online shoe retailer is expected to close in the fall and is Amazon's biggest purchase ever. The all-stock deal, based on Amazon's current share price, is hovering around $900 million.
Previous coverage:
A blow-by-blow account of the Amazon-Zappos deal
Zappos CEO: 'Nobody was forced to sell to Amazon'
Amazon acquires online shoe retailer Zappos for $850 million
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