From
https://www.aboutamazon.com/news/company-news/email-from-jef...>Fellow Amazonians:
>I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.
This reads to me as Jeff Bezos doesn't want the boring job of running AWS and Amazon anymore. He want something new,
>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.
There are plenty of Growth left in Amazon and AWS. But that is not as exiting as Blue Origin or Funding other initiative via Day 1 Fund.
I still remember when Amazon was only selling Books. People laughed, Media Laughed, and I guess most of us laughed.
Amazon is now a ~$1.6 Trillion Dollar Company.
What an era.
>Fellow Amazonians:
>I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.
This reads to me as Jeff Bezos doesn't want the boring job of running AWS and Amazon anymore. He want something new,
>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.
There are plenty of Growth left in Amazon and AWS. But that is not as exiting as Blue Origin or Funding other initiative via Day 1 Fund.
I still remember when Amazon was only selling Books. People laughed, Media Laughed, and I guess most of us laughed.
Amazon is now a ~$1.6 Trillion Dollar Company.
What an era.