The time has come Jeff Bezos to hand over her keys Amazon, and will do so today, July 5, 2021.
Μalmost 27 years after its founding Amazon, a giant company in the field of technology and e-commerce, the Jeff Bezos which is to date the CEO her, it is time today to resign from his position, and take on his role Executive Chairman of the Board of the company.
His position is taken by Andy jassy, Who to this day is its CEO Amazon Web Services (AWS).
As he stated, he will continue to work on important projects of Amazon, with the difference that this time he will have the role of executive chairman of the board of directors of the company and not as CEO. In an email he sent to Amazon employees, Jeff Bezos stated that he will use the extra time he will earn to focus on other of his own Project that he is passionate about, such as Day 1 Fund, Bezos Earth Fund, Blue Origin, the Washington Post etc. .
Ο Andy jassy who will take over as CEO of Amazon after the departure of Bezos, has been with the company since 1997 after graduating from Harvard Business School with a degree a. From today, he will take on his role CEO of Amazon.
Jeff Bezos - The story of an incredible success
Although ο Jeff bezoHe was hailed for his numerous innovations, which in some cases shook entire sectors of the economy, and was also maligned for certain business practices that stifled competition or for the treatment he received from his employees.
Whether it's book sales, intangibles or home deliveries, "Bezos is a leader who encourages change," says Darrell West of the Brookings Institution's Center for Technology Innovation.
«It has given rise to numerous services that people now take for granted, such as shopping online, ordering something and having it delivered to you the next day.He observes.
Amazon, which was created in the garage of Jeff Bezos, who packaged the parcels himself, is now worth more than $ 1,7 trillion on the Stock Exchange and in 2020 had a turnover of $ 386 billion. It is a complex group, whose activities range from e-commerce to intangible information technology, ranging from groceries, artificial intelligence and film production.
Jeff Bezos and his instinct
Bezos "has the instinct to find what will work" in the next market, he estimates Roger Kay, office analyst Endpoint Technologies Associates.
The company displaced its competitors by choosing the first years "to reinvest all profits in growth", Reminds o Kay. A strategy that sometimes made investors wonder, but now "seems completely logical", He underlines.
For Bob O'Donnell of Tecnalysis Research, JEff Bezos «he was neither the first nor the only one"In the field of e-commerce,"but she was able to understand him and work to improve him».
The head of Amazon mainly "realized the need to build infrastructure", whether it is his wide network of warehouses or his fleet of trucks, observes O'Donnell. "Numerous other companies were reluctant to spend money on this ungrateful behind-the-scenes job."
The fortune of his business made his own: even after giving his ex-wife a share of the shares after their divorce, Jeff Bezos is currently "worth" about $ 200 billion, according to Forbes magazine.
He quits managing his company on a daily basis to spend more time with other projects, such as his other company, Blue Origin, which will make its first tourist flight into space on July 20 with a passenger Jeff Bezos. The businessman also owns the newspaper The Washington Post and has stated that he wants to devote his time and money to the fight against climate change.
Victim of her success?
Ο Jeff Bezos leaves at a time when the Amazon, which employs more than 800.000 people in the US after its activity increased vertically during the pandemic, faces a lot of criticism from advocates of workers or regulators.
Η Amazon highlights the fact that the company offers a minimum hourly wage of $ 15 and various benefits, but critics have repeatedly denounced an obsession with efficiency, which risks leading to employees being treated like machines.
In his last annual letter to shareholders in April, following the failure of a trade union effort at a group warehouse in Alabama, Jeff Bezos acknowledged that the group needed to improve the way it treats its employees and promised that Amazon would «the best employer on Earth».
Concerned about the growing control exercised by some tech giants across sectors of the economy, regulators are considering measures to partially dismantle it. Amazon.
Amazon could do that "victim of its own success", Says Kay.
But if the group should be divided into several entities, each of them "will thrive in its own marketHe predicts. «I can quite easily imagine a scenario in which the sum of the parts is higher than the consolidated whole. Shareholders are not expected to be hurt».
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