There is this incredible retail sensation called, “Christmas in July.” Basically, retailers try to gain an advantage over their competitors by offering very low prices on a few products for one day. This year, online retail giant, Amazon decided to offer bargain prices on high ticket items to all their Prime members. Of course, it’s not rocket science; the percentage of profits went through the roof as people were buying Prime Memberships just to gain access to the fantastic bargains.
Amazon said that it really wanted to celebrate its 20th Anniversary, but savvy shoppers know besides “Black Friday” sales, “Christmas in July” sales are the way to pick up loads of items at bargain basement prices. With Prime Day sales, Amazon CEO, Jeff Bezos has helped pushed the company’s market value ahead into another plateau. For the first time, the value of Amazon’s stock is more valuable than Walmart.
One thing Amazon has in common with James Dondero, the Co-Founder and President of Highland Capital Management, is being named as one of the best places to work. Dondero’s Dallas based company has been chosen by the Dallas Business Journal as a top quality employer. Highland Capital Management has $22 billion of assets that it’s currently managing. In addition to his investment company, Dondero also serves as Chairman of Nextbank, CCS Medical, and Cornerstone Healthcare.
Jeff Bezos and James Dondero illustrate the value of leadership as an important part of the infrastructure needed for profitable companies.