Connect with us

Breaking News

Jeff Bezos will step down as Amazon CEO: will Exec Chair position allow remote control?

Published

on

All signs point to continued involvement, or?

Founder and CEO of Amazon, Jeff Bezos has announced he will step down and become executive chairman.  Andy Jassy, the current cloud computing chief, will become the next CEO stated for the third quarter. 

Read more: Spacex’s Starlink Broadband Speed Goal just went into the Stratosphere

During the pandemic and recent holidays, Amazon with its warehouses open, recorded sky-high profits reaching quarterly sales over $100 billion.

Read More: Amazon declines to join Google, Facebook and Microsoft in French “Tech for Good Call”

Based on a memo posted for Amazon employees, Bezos noted:  “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

Read more: Apple’s Tim Cook: ‘A social dilemma, cannot be allowed to become a social catastrophe’

Or:

Though his Exec Chair position may mean that very little changes going forward, based on the challenging prospects for the huge and much criticized firm it may indeed signal the end of an era.



Subscribe to our newsletter for all the latest updates directly to your inBox.

Find books on Music, Movies & Entertainment and many other topics at our sister site: Cherrybooks on Bookshop.org

Enjoy Lynxotic at Apple News on your iPhone, iPad or Mac.

Lynxotic may receive a small commission based on any purchases made by following links from this page.

Lynxotic Logo

Subscribe To Our Newsletter

Subscribe for free premium stories and the latest news

You have Successfully Subscribed!