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

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. 

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

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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.”

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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.

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