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The Monday Morning Memo

The life and death of Tony Hsieh, the billionaire CEO of online shoe-seller Zappos, is a master class in visionary business leadership and a cautionary tale about how fame can mask deep problems. Hsieh, who sold Zappos to Amazon for $1.2 billion, died in a mysterious shed fire in late November 2020 at age 46. This week, two reporters for The Wall Street Journal — Kirsten Grind and Katherine Sayre — join roving reporter Rotbart to share details from their newly published biography of the business legend. It is a riveting examination of an entrepreneur who, while great, was deeply flawed.

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Random Quote:

“Experience suggests that if men cannot struggle on behalf of a just cause because that just cause was victorious in an earlier generation, then they will struggle against the just cause. They will struggle for the sake of struggle. They will struggle, in other words, out of a certain boredom: for they cannot imagine living in a world without struggle.

And if the greater part of the world in which they live is characterized by peaceful and prosperous liberal democracy, then they will struggle against that peace and prosperity, and against democracy.”

- Francis Fukuyama, "The End of History and the Last Man" (1992)

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