'Stunning': Amazon CEO Jeff Bezos stepping down

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.
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. Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services, its biggest profit driver.
"This journey began some 27 years ago. Amazon was only an idea, and it had no name," Bezos wrote letter to employees Tuesday. "The question I was asked most frequently at that time was, 'What's the internet?' ... Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world."
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 its retail and cloud businesses.
#Bezos #FirstMove #CNNBusiness

[Huntress_Hannah]

Easy to make loads of cash when your company pays nothing in taxes. 🙃

[rickclouston]

Also..he just got caught stealing tips from his employees

[tycchock]

It’s so disgusting to see how they fawn over one of the richest and most powerful men who treats their workers like disposable diapers and has unqualified employees to test other employees without ppe and training so that he can save money!!

[anonymoususername]

It's amazing how many heads of companies and political figures are mysteriously stepping down all of a sudden.

[tenkenroo]

The dragon just wants to relax and lay on his pile of gold

[Ezem]

why are they not talking about y he stepped down
stealing people's tips smh

[leonfrancis]

All that money, and look at his warehouse work conditions.

[kevinkimble]

Is anyone going to mention the news about him stealing tips from Amazon Flex drivers? Of course not!

[Carchasers]

How about you guys start talking about quality of his employees life it's stealing tips from employees richest man in the world can't pay a fair wage

[LILLYROSE-hvcd]

Explain to me: Why Politicians and government officials are still getting their paychecks and have not helped the American People and are not helping us financially when they closed the country

[ProWrestleMachine]

“See you in space, jerks.” -probably BEZOS

[jabrown]

Meanwhile, he’s got anti-union reps harassing employees at distribution centers practically in the damn bathroom 🙄.

[abmmwl]

Maybe he should dedicate his life to charitable causes.

[martinpoole]

"Guy gets richer as he sleeps", time to go back to bed.

[Mike_Dark]

He's stepping down to build his own money bin so he can swim in it.

[kocickakitty]

Bezzos got a role as the next Bond Villain. He needs time to prepare for the role.

[flairelizabeth]

All I'm thinking right now is how to make money online if anybody have ideas please tell me ....

[duhduh]

That’s so weird, usually when a CEO steps down, they usually don’t do it out of the blue (sometimes theirs marketing for the transition, PR and all that to make sure it’s all prepared for a seamless change) I find it strange

[drumcircler]

Executive Chairman is not exactly a “stepping down”.

[riog]

Now if the whole cowardice Republican party would just step down! 🤣🤣🤣