Jeff Bezos shuffling his role at Amazon from CEO to Executive Chair
https://www.cnn.com/2021/02/02/tech/ama ... index.html
"New York (CNN Business)Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will be replaced by Andy Jassy, who currently heads the company's cloud business, Amazon Web Services.
Bezos has been Amazon's CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7 trillion global retail and logistics behemoth, which has also made Bezos into one of the world's richest people.
The news came as part of Amazon's fourth-quarter earnings report. The company handily beat Wall Street analysts' projections for both sales and profit, capping a banner year as the pandemic boosted both its retail and cloud businesses.
Amazon (AMZN) shares were flat in after-hours trading Tuesday. The company's stock has grown nearly 69% over the past year.
This is a developing story and will be updated. "
Jeff Bezos shuffling roles from CEO to Executive Chair at Amazon
- TheButcher
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- Russ
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Bill gates did it years ago, Microsoft is ticking along just fine.
- viking
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He is not hurting for money, so it is not the pay check that he cares about
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pornmafia
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Why even work with all that money
- bestfreeporn
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Once you reach a certain level it is not all about the money, why this Trump run for president when he was a multi-billionaire.
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Sebs
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He's going to be focusing on his Blue Origin space company, best guess from me.