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Thread: Amazon founder and CEO Jeff Bezos to step down in Q3

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    Amazon founder and CEO Jeff Bezos to step down in Q3

    Andy Jassy, AWS boss and employee of 23 years, will become CEO. Bezos moves to BoD.
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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    Quote Originally Posted by HEXUS View Post
    Bezos steps down at a time of momentous financial achievement for Amazon
    And he wants to spend some of it, presumably...
    I wonder if he'll buy anything off his own website.
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    Quote Originally Posted by stevie lee View Post
    I could never work my way back up the shaft. Managed once to get to the bottom of the shaft, but got covered in slime and got stuck.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    The only one thing that you can not buy is time of life, he got it.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    Seems like he wants to focus on other ventures, I guess when you build a wealth like this, eventually you want to shift the direction in which you going. Expect to see the likes of Blue Origin ramp up.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    Quote Originally Posted by iEimis View Post
    Seems like he wants to focus on other ventures, I guess when you build a wealth like this, eventually you want to shift the direction in which you going. Expect to see the likes of Blue Origin ramp up.
    and possibly Amazon slowly (or quickly) to go to cack - happens in other cases. The founders leave and the new management stuff it up. It's not without its challenges, big brands pulling out due to so much cheap foreign crap and imitation/poor quality junk, not to mention the dodgy reviews scandal, then the whole tax perception, etc.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    Quote Originally Posted by ik9000 View Post
    and possibly Amazon slowly (or quickly) to go to cack - happens in other cases. The founders leave and the new management stuff it up. It's not without its challenges, big brands pulling out due to so much cheap foreign crap and imitation/poor quality junk, not to mention the dodgy reviews scandal, then the whole tax perception, etc.
    Yeah, you are right, sometimes it goes to cack with the new management. However, in Amazon's case, I think they built the wealth and diversification to the point where even for the most incompetent of managements it would take years to run down. From what I've read and seen the new CEO is quite good, in fact, he took AWS to the heights that it is now which is the biggest Amazon's revenue stream.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    He's made his money, I'm more interested in what he's going to do next rather than what he does as the CEO of Amazon..

    Look at Gates as an example, I'm more interested as who he is as a person and what he does since his time post-Microsoft rather than the stereotypical geeky looking character he was coding in a garage...

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    Quote Originally Posted by [GSV]Trig View Post
    He's made his money, I'm more interested in what he's going to do next rather than what he does as the CEO of Amazon.
    Interested in, or wary of?
    Given some of the very questionable and often highly controversial practices that have allowed Amazon to rise to power under Bezos's reign, it makes me wonder what else he might do that to...
    _______________________________________________________________________
    Quote Originally Posted by stevie lee View Post
    I could never work my way back up the shaft. Managed once to get to the bottom of the shaft, but got covered in slime and got stuck.

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    Re: Amazon founder and CEO Jeff Bezos to step down in Q3

    he have already enough for a milion years

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