Amazon - the name does imply immensity and ability to consume all…!
Hachette, a privately held and significant book publisher, is negotiating pricing terms with Amazon on e-books.
"“In a sense, Michael Pietsch is like ‘Horatius at the Bridge,’ ” says the literary agent and former Amazon executive Laurence J. Kirshbaum, referring to the soldier of legend who single-handedly saved ancient Rome by fighting off an invading army. “He is carrying the rest of the industry on his back.”"
Amazon has been one exceptional example of Schumpeter's Creative Destruction, in the past two decades, let's see what else is in store for the retail world in general.
Read details at NY Times here.