Gas stations
Just in case you're ever asked, I guess. Also, 7 other things worth your time.
 |
A California city banned new gas stations earlier this month, since eventually, we’re told, we’ll all be moving to electric cars anyway.
I don’t have a strong opinion on whether this is a good idea. But, it reminded me of the question Jeff Bezos used to ask in every single job interview, and an ironic 20-year-old interview in which he explained it.
Bezos was 36 at the time, and Amazon was six years old, as he sat for what turned into a 5,700-word interview in The Washington Post. (Ironic, since he now owns the Post.)
He was already famous and already a multibillionaire. But Amazon’s "get big now, get profit later" strategy had Wall Street nervous, and some employees worried their stock options might be worthless after the dot-com bubble burst.
In fact, a Lehman Brothers analyst had recently made a name for himself before the interview by predicting that Amazon was toast: "The party is over." (Lehman went bankrupt in 2008; Amazon now has a market cap of about $1.5 trillion.)
Yet Bezos was still spending lots of time “recruiting and screening executives," the Post story reported, and he always asked the same question:
"How many gas stations are there in the United States?"
I'm sure you've seen these kinds of questions; perhaps you've asked or answered them in interviews yourself. The answer doesn't really matter; it's all about probing the candidate's thought processes.
"I realize it's a little weird to ask things like this to people who have 800 people reporting to them somewhere," Bezos said at the time, but it was a means to an end: hiring only the smartest people he could find.
Besides his gas station question, he’d also ask applicants for their SAT scores, and once asked a CFO candidate who had ranked No. 2 on the CPA exam why she didn’t come in first.
"There's nothing wrong with asking for SAT scores," Bezos said. He also often conducted hourlong reference checks on potential hires himself, asking 23 standard questions including: Can you think of a problem that everyone thought was unsolvable that this person solved?
"If this person were really brilliant, you can remember these things. If they can't think of anything, it doesn't mean they're not brilliant. But it's certainly a negative indicator," Bezos said.
Parts of this two-decade-old interview are a reminder of just how much has changed since then.
For one thing, there’s Bezos's daily dress code ("blue dress shirts and khakis"). More seriously, the company is portrayed as making zero effort even to pretend to care about racial or cultural diversity.
"Sources within the organization say it is simply not a priority in recruiting," the Post reported, and describing the company as "predominantly male and white."
And, of course, there’s the gas station question. Here’s how Bezos said he’d answer it: As a kid, he spent summers in the tiny town of Cotulla, Texas, population 3,000, and he recalled there were two gas stations there.
So, he said he'd assume that 1 gas station for every 1,500 people ratio held true for the entire country, and just do the math.
Based on a U.S. population of 280 million at the time (it's 328 million now), that would work out to about 186,666 gas stations. The actual number: 175,000. His calculation was within about 6.7 percent of the right answer.
7 other things worth your time
Uber Technologies Inc. will reclassify all 70,000 of its U.K. drivers as workers, entitling them to the minimum wage, vacation pay and other benefits after a landmark ruling from the Supreme Court last month." (Bloomberg)
Obamaworld to Biden: Kill the filibuster. But Biden says he’s in favor of reforming it, not eliminating it. And Senate Minority Leader Mitch McConnell threatens to grind the Senate to a halt if Democrats make any changes: “The Senate would be more like a 100-car pileup, nothing moving.” (Politico, Reuters, Politico again)
“The U.S. intelligence community found that Russia and Iran conducted influence operations aimed at affecting the outcome of the 2020 election,” according to a report released Tuesday. Short version: Russia wanted Trump to win; Iran wanted Trump to lose; both wanted undermine confidence in the election no matter what happened. (Axios)
Biden is planning the first major federal tax hike since 1993 to help pay for a long-term economic program, following the pandemic-relief bill. A White House economist says: “Biden doesn’t intend to boost taxes on people earning less than $400,000 a year. But for folks at the top … there’s a lot of room there.” (Yahoo Finance)
Thanks to Covid, and a host of top colleges that decided not to require the SAT or ACT this year as a result—and thousands of applicants that decided, what they heck, might as well give it a shot—applications are through the roof. Now, we’re in the middle of “what may prove the most chaotic selection experiment in American higher education since the end of World War II.” Example: Harvard received 57,000 applications for 1,700 seats, a 42% jump over last year. (WSJ)
About 60 percent of U.S. colleges canceled spring break this year due to Covid, but many students went anyway. One obvious consideration: if classes are largely via video anyway, you can squeeze in whatever you absolutely have to attend on a laptop in Florida just as easily as at a campus apartment. (NPR)
Scientists think they’ve discovered the world’s smallest reptile: the Brookesia nana chameleon. It’s in the running for the record, but they’ve only found two of them so far and need more to make it official. (But nevertheless, they thought it was a good idea to pick one up and pose for a picture!) (People)
Thanks for reading. Photo credit: James Loesch/Flickr. I’ve wrote about this interview a few years ago at Inc.com. If you’re not a subscriber, please sign up for the daily Understandably.com email newsletter—with thousands and thousands of 5-star ratings from happy readers.
And of course, please share Understandably! Can you think of someone person who might be drinking his or her coffee right now without it? Thanks in advance!
Finally, if you liked this post, please click that little heart icon below. Comments (link below, I hope) are always welcome, and if you reply to this newsletter, it will go straight to my inbox. As this list has grown it’s become harder to respond to everyone, but I do read everything that comes in, and I reply to as many as I can.
Bill, I enjoy Understandably and read it every day. However, I am surprised to have call attention to some poor grammar in your closing. The third sentence starts "I've wrote about ...." You would be more grammatically correct to say "I wrote about...." or "I've written about...."
such a flattering article on J.B.; were he to grow up in my North Philadelphia neighborhood, he would have calculated a different (and erroneous) number. He would likely have had a different SAT score and he would have easily been overlooked for employment at Amazon. Most importantly, he would have missed countless opportunities to employ individuals who can problem-solve at the highest level. That's America's dilemma today.