1. How do the revenue/emplovee numbers compare across companies?

2. How does the ratio of operating income to revenue compare across segments within and across the companies? Focusing on Amazon, how do these operating income/revenue ratios differ across its segments?

3. We will see that choosing peer companies to compare compensation includes those that are product market competitors, as well as labor market competitors. Based on the ratios you have computed and examined, who are Amazon's product market competitors?

A Wall Street Journal article on April 4, 2021, "Amazon's Labor Unrest May Show at the Margins," described Amazon as having "thin margins by tech standards," noting that Amazon's revenue/employee was only about one-fifth as large as "peers" such as Alphabet (Google), Apple, Facebook, and Microsoft. The Journal seemed to be suggesting that if unionization is successful at Amazon (on a significant scale, i.e., beyond the one current location where a union organizing drive is taking place), that Amazon's labor costs will increase and it cannot afford that if its margins are already thin. Why would the Journal use these tech companies as peers? Isn't Walmart a better peer comparison? page 29 To get better insight, go to the most recent annual reports (form 10-k), readily available on the web, and compute revenue per employee for Walmart and Amazon. (At Amazon, use net sales as revenue.) Also, compute the ratio of operating income to revenue by business segment for Walmart and Amazon. (Revenue per employee is not possible to compute based on the Amazon annual report.) Each company has three business segments. QUESTIONS: 1. How do the revenue/employee numbers compare across companies? 2. How does the ratio of operating income to revenue compare across segments within and across the companies? Focusing on Amazon, how do these operating income/revenue ratios differ across its segments? 3. We will see that choosing peer companies to compare compensation includes those that are product market competitors, as well as labor market competitors. Based on the ratios you have computed and examined, who are Amazon's product market competitors