Amazon exec says Apple’s agency model was designed to hinder Kindle

During the third day of the U.S. Department of Justice’s antitrust suit against Apple, a high ranking Amazon executive said the agency model used by Apple and five major book publishers was meant to slow down the success of online retailer’s popular e-book reader.

According to in-court reports from Reuters, Amazon’s vice president of Kindle content Russell Grandinetti testified that his company told publishers it may have to modify business relationships as a result of adopting the agency model.