The infamous business mogul is shifting his focus elsewhere.
So great has the wealth and success of Amazon’s CEO and founder Jeff Bezos become, his very name has become synonymous with incredible wealth and eccentricity. He is, quite literally, the richest man in the entire world, and it’s all thanks to the sheer ubiquity of Amazon and its services. However, as of this coming Monday, Bezos will no longer be at the forefront of the Amazon juggernaut.
Amazon just updated its famous leadership principles days before Jeff Bezos' departure as CEO https://t.co/lBGwuZtMxE
— Business Insider Tech (@BITech) July 1, 2021
After talking about it for a long while, Bezos is finally stepping down from his position as CEO of Amazon, handing the reins of the company off to cloud computing boss Andy Jassy. Bezos will still be part of the company, acting as the executive chairman of its board, but his primary focus will no longer be on Amazon’s regular operations. Instead, he’ll be directing his attention more toward Amazon’s more esoteric pursuits, including his upcoming trip to space as part of Blue Origin’s first civilian-crewed voyage.
Can Amazon survive without Jeff Bezos? The founder and chief executive of 18 years is stepping down and there are concerns that the company might not thrive as much under the new leadershiphttps://t.co/PmEFwuBu8t
— Financial Times (@FinancialTimes) July 1, 2021
Prior to Bezos’ departure, he added a new tenet to Amazon’s “leadership principles,” the philosophies intended to guide the company’s decision-making process. The first is “Strive to be Earth’s Best Employer,” calling on leaders to “work every day to create a safer, more productive, higher performing, more diverse, and more just work environment.”
The second is “Success and Scale Bring Broad Responsibility,” which reaffirms that “We are big, we impact the world, and we are far from perfect. We must be humble and thoughtful about even the secondary effects of our actions.”
Supreme Court Ends California Disclosure Rule
Shohei Ohtani is the First Two-Way MLB All-Star
-
Following the massive success of its gold and silver offerings, Costco is making headlines once again with the addition...
-
The cryptocurrency market experienced a significant rally on Thursday, just one day after the Federal Reserve made the surprise...
-
Fitch Ratings, a leading global credit rating agency, has released a new economic outlook report predicting that the U.S....
-
With Federal Reserve Chair Jerome Powell signaling that interest rates might be cut soon, investors are contemplating how this...
-
Consumer prices in the United States increased at the slowest rate in over three years last month, raising hopes...
-
In a significant shake-up at Starbucks, Laxman Narasimhan has stepped down from his role as CEO and board member...
-
JPMorgan Chase is set to release its second-quarter earnings report before the opening bell on Friday, July 14. Investors...
-
The Federal Reserve announced today that all 31 banks participating in its annual stress test have demonstrated their ability...
-
Wednesday is poised to be a pivotal day for economic news, as investors and economists brace for a crucial...
-
AMC Entertainment Holdings Inc. successfully raised approximately $250 million through a stock sale completed on Monday, coinciding with the...
-
Bank of America has reported impressive first-quarter earnings, surpassing analysts’ estimates for both profit and revenue, driven by better-than-expected...
-
Ken Griffin, the founder and CEO of Citadel, emphasized the importance of prudence in the Federal Reserve’s strategy regarding...