Amazon seems to have been run in non-ZIRP mode during ZIRP. This may save their asses when ZIRP is firmly over.
You say there isn't any innovation: May be you don't need that in a utility company that moves boxes and bits? You need reliable utility that customers expect and love.
In an alternate ad-supported company where the primary product (ads) is not the one people are most familiar with, you could play all these games of 'upward mobility', 'promotion' etc because money runs freely and your job is detached from the reality of product, customers or even the larger company goals (assuming, you are not directly working on ads).
However, in a company that is truly customer focused (and obsessed - to over use a Bezos word) as is Amazon: all of what you said seems like a good thing?
I do take issue with how they treat the low-level employees with ruthless nearly-dictatorial oversight - Amazon burn out is a real thing. OTOH, having talked to Amazon engineers/PMs who quit due to burnout still have some sort of Stockholm syndrome where they have fond attachment to their 'burn out' time and how boring/unfulfilling their new job at X/Y/Z is! It's Complicated.
You say there isn't any innovation: May be you don't need that in a utility company that moves boxes and bits? You need reliable utility that customers expect and love.
In an alternate ad-supported company where the primary product (ads) is not the one people are most familiar with, you could play all these games of 'upward mobility', 'promotion' etc because money runs freely and your job is detached from the reality of product, customers or even the larger company goals (assuming, you are not directly working on ads).
However, in a company that is truly customer focused (and obsessed - to over use a Bezos word) as is Amazon: all of what you said seems like a good thing?
I do take issue with how they treat the low-level employees with ruthless nearly-dictatorial oversight - Amazon burn out is a real thing. OTOH, having talked to Amazon engineers/PMs who quit due to burnout still have some sort of Stockholm syndrome where they have fond attachment to their 'burn out' time and how boring/unfulfilling their new job at X/Y/Z is! It's Complicated.