CEOs aren't mind readers. They have to make informed decisions about risks their company faces and act to neutralize those risks. If there was a 1% chance amazo

CEOs aren't mind readers. They have to make informed decisions about risks their company faces and act to neutralize those risks. If there was a 1% chance amazon would somehow be replaced by a startup if they don't spend 100 million dollars should they do it? I think the answer is obviously yes. Spending that money is not wasteful, it ensured the continued success of the company, even if the 99% outcome came to pass. The job of the CEO isn't to decide the probabilities here, it's to react to them.