Marvelle sullivan biography

The CEOs of Amazon.com Inc. (AMZN), Berkshire Hathaway Inc. (BRK-A, BRK-B) and JPMorgan Chase & Co. (JPM) announced via a joint press release the morning of Jan.

30 that the companies "are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs."

The partnership is to take the form of "an independent company that is free from profit-making incentives and constraints." Aside from an initial focus on "technology solutions," details are lacking, and the press release describes the project as "in its early planning stages." 

The companies are giants in the e-commerce, insurance and banking industries, with a combined market capitalization of $1.6 trillion and over a million employees among them.

The three CEOs – Jeff Bezos of Amazon, Warren Buffett of Berkshire and Jamie Dimon of JPMorgan – lend considerable public profi