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Executives Are More Worried About Amazon Than Trump’s Setbacks

An employee stacks items to be shipped at the Amazon.com Inc. fulfillment center in Phoenix, Arizona, U.S. on, Sunday, Dec. 1, 2013. More than 131 million consumers are expected to shop Cyber Monday events, up from 129 million last year, according to the National Retail Federation. Photographer: David Paul Morris/Bloomberg

What keeps corporate leaders up at night?

It isn’t the chaos in Washington or rising worker pay. It’s what Amazon.com Inc. is, or could be, doing to their business models. The expanding online behemoth has morphed from a retail category killer to a much broader enterprise that now competes with everything from high-end grocers to technology developers.

It’s safe to say corporate America has taken notice -- and is increasingly concerned about the competition. So much so that...


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