Amazon’s new boss faces pressure from all sides as Bezos leaves for space

CNBC2021-07-06

KEY POINTS Amazon CEO Jeff Bezos will hand the reins over to cloud boss Andy Jassy on Monday. It caps off Bezos’ monumental run leading Amazon since its inception in 1994. Jassy will inherit a ...

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Comments

Theresa28
2021-07-06
Theresa28
comment and like
Henryee18
2021-07-06
Henryee18
Wow, this is big news. Is him good or bad, I mean the new boss?
K3nia
2021-07-06
K3nia
Good morning
- K3nia:
  ?
WangMeiLi
2021-07-06
WangMeiLi
I am pretty sure Jassy will keep Jeff’s spirit and make Amazon still shiny ?
Boo2020
2021-07-06
Boo2020
Pls like
- HuatChua:
  Ok
- Guay:
  Ok
TCRaN
2021-07-06
TCRaN
Wow

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He couldn’t be held back.”\nThat image of Bezos captures the relentless drive and energy that would propel Amazon’s meteoric rise from an internet bookseller to the world’s largest online retailer and cloud computing company.\nNow, after almost three decades, the 57-year-old founder is preparing to funnel his energy toward other pursuits. Starting Monday — 27 years to the day after Amazon was incorporated — Bezos will transition to executive chair of Amazon’s board, handing the CEO title over to his one-time protégé, cloud-computing boss Andy Jassy.\nBezos is departing the CEO role at a time of great success for the company, with Amazon in February surpassing $100 billion in quarterly sales for the first time.While Bezos isn’t going far, he’s still leaving Jassy to deal with many of the headaches of running the day-to-day business, some of which are more intense than before. Amazon is being probed by antitrust regulators in the U.S. and abroad. It faces pressure from lawmakers who say it should focus on being a better corporate citizen. Inside the company, employees routinely express grievances about working conditions and, on the front lines, have met with labor unions to explore the possibility of organizing.\nLaunching ‘Earth’s biggest bookstore’\nBezos was a vice president at Wall Street hedge fund D.E. Shaw when he got the idea to launch an online bookstore. He quit in 1994 and moved across the country to Seattle, where he bought a house in the suburbs and founded the company that would become Amazon out of his garage. The company was very nearly named “Cadabra,” but it sounded too much like “cadaver,” so Bezos chose Amazon instead.\nThe site opened for business on July 16, 1995. Its homepage greeted users with the proclamation of being “Earth’s biggest bookstore,” spanning one million titles and offering up “consistently low prices.” Within the first month of its launch, Amazon had sold books in every state in the U.S. and 45 countries around the world.\n“I remember flying up to Seattle to visit the company in its offices at First Avenue, opposite a free needle clinic in a pretty seedy part of Seattle,” John Doerr, an early Amazon investor and chairman of venture firm Kleiner Perkins, told CNBC’s “Tech Check” on Friday. “We built these tables out of desk doors that we purchased from Home Depot. We went online with a very fast website and could deliver all the world’s books in a shorter period of time at better prices than anyone else in the world.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":154416743,"gmtCreate":1625538480182,"gmtModify":1703743288504,"author":{"id":"4087206379233830","authorId":"4087206379233830","name":"Theresa28","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"comment and like","listText":"comment and like","text":"comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154416743","repostId":1101802021,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154496395,"gmtCreate":1625537430717,"gmtModify":1703743259435,"author":{"id":"3561088065415396","authorId":"3561088065415396","name":"Henryee18","avatar":"https://static.tigerbbs.com/68e1124a4989ce380d6aa143a07b2620","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Wow, this is big news. Is him good or bad, I mean the new boss?","listText":"Wow, this is big news. Is him good or bad, I mean the new boss?","text":"Wow, this is big news. Is him good or bad, I mean the new boss?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154496395","repostId":1101802021,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154577265,"gmtCreate":1625536764657,"gmtModify":1703743236112,"author":{"id":"3586502447028517","authorId":"3586502447028517","name":"K3nia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good morning","listText":"Good morning","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154577265","repostId":1101802021,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5132567,"gmtCreate":1625536781357,"gmtModify":1663230571640,"authorId":3586502447028517,"author":{"id":3586502447028517,"authorId":3586502447028517,"name":"K3nia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154577265,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":154554626,"gmtCreate":1625535898965,"gmtModify":1703743206036,"author":{"id":"3586311073884660","authorId":"3586311073884660","name":"WangMeiLi","avatar":"https://static.tigerbbs.com/e42c8291e5033a92ae3c00b91053172b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"I am pretty sure Jassy&nbsp;will keep Jeff’s spirit and make Amazon still shiny&nbsp;?","listText":"I am pretty sure Jassy&nbsp;will keep Jeff’s spirit and make Amazon still shiny&nbsp;?","text":"I am pretty sure Jassy will keep Jeff’s spirit and make Amazon still shiny ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154554626","repostId":1101802021,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154584205,"gmtCreate":1625534568007,"gmtModify":1703743162244,"author":{"id":"3572316669494636","authorId":"3572316669494636","name":"Boo2020","avatar":"https://static.tigerbbs.com/b9140860aa799166f7ff2aef054c4197","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/154584205","repostId":1101802021,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5132175,"gmtCreate":1625534772845,"gmtModify":1663230572641,"authorId":3564918603854212,"author":{"id":3564918603854212,"authorId":3564918603854212,"name":"HuatChua","avatar":"https://static.tigerbbs.com/1424ff87d3006b7073a3256dac68f9ef","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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