Jeff Bezos To Rule Planet Under Different Title Starting In Q3

Jeff Bezos To Rule Planet Under Different Title Starting In Q3

Amazon turned in an impressive set of results on Tuesday after the closing bell on Wall Street, but that was overshadowed by the company's announcement that Jeff Bezos will be stepping aside as CEO. Andy Jassy, who runs AWS, will step into what it's probably fair to call the biggest corporate shoes on Earth, a planet Bezos will soon run under the title "Executive Chair." Here's what Bezos had to say: Amazon is what it is because of invention. We do crazy things together and then make them nor
Subscribe or log in to read the rest of this content.

4 thoughts on “Jeff Bezos To Rule Planet Under Different Title Starting In Q3

  1. One of the best businesses ever created, love them or hate them.

    How they have executed over the years is amazing. Few failures along the way to speak of. Plowed it all back into the growth. Couple of lucky breaks. Good timing. Anyone in product development knows how hard it is to launch a product into market. They have done so many times. What a success story.

    Will be interesting to see where he puts his attention. Perhaps some philanthropic aims are waiting to be fulfilled.

  2. This is not a perfect analysis…

    GOOG Income for last 12 months – $48.1 – taxes of $7.8 = Net Income $40.3 B, Market Cap – 1.4B
    AMZN Income for last 12 months $24.2 – taxes of $2.5 = Net Income $21.3 B, Market Cap – 1.7B
    jobs destroyed by Amzn (perhaps 2-10million in retail WW), Google (~perhaps 20-100K media WW)

    “Amazon recognized front-line employees by investing $2.5 billion in additional pay in 2020. This is on top of the company’s industry-leading starting wage of at least $15 an hour, which is double the federal minimum wage.”

    Yale’s law school put out a piece a few years ago the “Amazon’s Antitrust Paradox” .

    Charge the credit cards on order – pay the suppliers 90 days later – pretend you are generating a lot of cash, but in reality no different than a growing supermarket chain. (excluding AWS which is impressive).

  3. I just posted a “one-click” request to my local library for “Tropic Thunder” (alluded to in the post following this one).

    The local library likes to include on the check-out receipt a tally of the amount of money saved by using the library rather than buying from Amazon. I think I’ve reached the $1,000 level in savings over the 2+ year membership – there is no prize, other than the continued good will of the local librarians.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints