Jeff Bezos and Amazon’s current CEO are fighting FTC attempts to make them testify - The Verge

Amazon submitted a petition seeking to limit FTC investigations that include requests for hearings with current Amazon CEO Andy Jassy and former CEO Jeff Bezos.

This week, the Federal Trade Commission (FTC) revealed a recent filing from Amazon (you can read it in full below), showing the internet retail giant’s requests for limits on the agency’s investigation of its business practices.

According to lawyers representing Amazon, CEO Andy Jassy, former CEO Jeff Bezos, and several other employees, the overly “burdensome” investigation included serving civil investigative demands (CIDs), which Bloomberg describes as similar to subpoenas, to 20 Amazon employees at their homes. However, like Elon Musk’s ongoing squabble with the SEC, the 49-page document hits its stride while claiming FTC individual CIDs requesting testimony from Bezos and Jassy specifically served only to harass them:

Mr. Bezos and Mr. Jassy further petition to quash or limit the Individual CIDs issued to them in this matter. Staff’s demand that Mr. Bezos and Mr. Jassy testify at an IH (individual hearing) on an open-ended list of topics on which they have no unique knowledge is grossly unreasonable, unduly burdensome, and calculated to serve no other purpose than to harass Amazon’s highest-ranking executives and disrupt its business operations.

https://www.theverge.com/2022/8/16/23307953/amazon-jeff-bezos-andy-jassy-ftc-antitrust-investigation


Post ID: 610887bf-19d5-412f-ac9c-cd6c1d603e57
Rating: 5
Created: 1 year ago
Your ad can be here
Create Post

Similar classified ads


News's other ads