Amazon boss Jeff Bezos to step down
Bloomberg3 February 2021
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Jeff Bezos has a formulation about one-way doors and two-way doors – decisions that are irreversible and permanent and those that can always be unwound.
Stepping through what’s almost certainly a one-way door on Tuesday, Bezos said he will resign as chief executive officer of Amazon.com Inc and become executive chairman later this year.
He will hand day-to-day control to Andy Jassy, his longtime head of Amazon Web Services, a swiftly growing division that has almost single-handedly changed the way companies buy the technology that powers their businesses.
With that comes at least a partial end to one of the most epic runs in modern business history. Yet, Bezos’s move feels, in many ways, natural and even inevitable.
Jeff Bezos steps down, heralding a new era for Amazon
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Jeff Bezos Resignation Ends An Epic, Epic Run Jeff Bezos Resignation Ends An Epic, Epic Run Over the last 25 years, the Amazon founder led the company through perhaps the most fertile period of any American business ever.
Jeff Bezos on Tuesday said he will resign as chief executive officer of Amazon.com Inc. (FILE)
Jeff Bezos has a formulation about one-way doors and two-way doors-decisions that are irreversible and permanent and those that can always be unwound. Stepping through what s almost certainly a one-way door on Tuesday, Bezos said he will resign as chief executive officer of Amazon.com Inc. and become executive chairman later this year. He will hand day-to-day control to Andy Jassy, his longtime head of Amazon Web Services, a swiftly growing division that has almost singlehandedly changed the way companies buy the technology that powers their businesses.
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