Joy Covey, every mention
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every year anyone David Rosenthal 13Ben Gilbert 4
Verbatim, from the transcripts: the passages where Joy Covey comes up
Amazon.com · Acquired
- ▶ 27:25 David Rosenthal Like you can't connect the dots looking forward, but when you look back through Jeff's past, Joy Covey, who we'll talk about actually has like this quote that she gives to Brad Stone.
- ▶ 1:37:07 David Rosenthal So he also makes a critical hire, which is the first official professional CFO into the company, Joy Covey, to come on at this time.
- ▶ 1:37:49 David Rosenthal Joy's story is just amazing.
- ▶ 1:38:16 Ben Gilbert As a lot of folks know, we're talking about Joy in the past tense because she sadly passed away in 2013 in a bicycle accident.
- ▶ 1:38:27 Ben Gilbert Just to keep going on Joy a little bit, we're going to talk about the Amazon letter, which many of you have read, that original 1997 letter to shareholders, which she wrote with Jeff.
- ▶ 1:38:48 Ben Gilbert That is, of course, attributable to Jeff, but is in large part a Joy Covey invention, too.
- ▶ 1:39:11 David Rosenthal Joy's telling Brad, I think about the early days and the level of clarity, vision, potential, and values that Jeff brought, and then I look at Amazon today, this is in 2013, and reflect on some conversations I have had with him in the…
- ▶ 1:43:10 David Rosenthal So Joy joins right at the end of 96, right after the Kleiner round, and Jeff, definitely because he wanted to do it, and you know, is consistent with Get Big Fast, maybe it was also sort of like this test for his new high potential CFO,…
- ▶ 1:47:34 David Rosenthal You know, Joy Covey like CFO services, like investor reporting, strategic planning, all of which otherwise you would hire an old school accounting firm or go try and recruit a Joy Covey to do.
- ▶ 1:50:04 David Rosenthal Okay, so Joy joins at the end of 1996.
- ▶ 1:58:51 David Rosenthal It would be hubris of Jeff and Joy and Mackenzie and everybody and Chell at Amazon to just say, okay, and not do anything about it, but this is Amazon and they know this is a problem.
- ▶ 2:00:31 David Rosenthal So, in early 97, he and Joy together, I think according to Brad, it was very much a joint effort of both of them.
- ▶ 2:02:12 David Rosenthal So Jeff and Joy and John and the board these years were like, if we can get this guy, he's the key.
- ▶ 2:03:26 David Rosenthal Eventually, Amazon, Jeff, and Joy, and everybody, they convinced Rick to make the jump, and so right before the IPO in early 97, he joins, and Jeff knows they're gonna win at this point, so Brad writes in the Everything Store, Bezos had…
- ▶ 2:31:16 David Rosenthal We, we didn't say joy and then her success.
- ▶ 2:31:23 David Rosenthal Her successor, Warren Jensen took over as CFO from Delta airlines is where he came from joy first.
- ▶ 3:41:18 Ben Gilbert I thought this line by Joy Covey and Jeff is so incredibly prescient that he really is focused on the absolute dollars of free cash flow metric, and I think there's this misconception that people have about Amazon that they're sort of…