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Jeff Bezos To Step Down as Amazon CEO (cnbc.com) 68

Posted by msmash from the breaking-news dept.
Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon's board. In a statement, Bezos said: 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 journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, "What's the internet?" Blessedly, I haven't had to explain that in a long while. Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world. How did that happen? Invention. Invention is the root of our success. We've done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime's insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.
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Jeff Bezos To Step Down as Amazon CEO More

Jeff Bezos To Step Down as Amazon CEO

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  • Money pit (Score:4, Insightful)

    by JonnyCalcutta ( 524825 ) on Tuesday February 02, 2021 @05:17PM (#61020896)

    He's taking time off to dive into his pile of gold coins

  • Nothing to see here (Score:3)

    by DeplorableCodeMonkey ( 4828467 ) on Tuesday February 02, 2021 @05:21PM (#61020914)

    He's not "leaving to spend more time with his family" so don't worry, Amazon shareholders!

    • Re:Nothing to see here (Score:4, Interesting)

      by cusco ( 717999 ) <brian.bixby@gm[ ].com ['ail' in gap]> on Tuesday February 02, 2021 @05:30PM (#61020954)

      Jassy's a good choice. Incredibly intelligent, driven, no nonsense, he's led AWS for years. Don't expect big changes right away, although his management style is different he's smart enough to not break things that work just because they're different than how he would do them.

      • Re: (Score:2)

        by lazarus ( 2879 )

        He may be smart, but he just signed up to inherit an impending regulatory onslaught as the US government starts taking a harder look at the monopolistic practices of the hyperscale tech firms. A convenient time for Bezos to step away I might add.

        • Re: (Score:2)

          by cusco ( 717999 )

          Eh, Congress can grandstand all it wants, I think Jassy lives on the east coast anyway so it's not all that inconvenient.

        • I'm sure Jassy's smart enough to know how lobbying and campaign contributions work. The finger wagging in congress is just for window dressing.

      • Found the Amazon shill!

      • Bezos was about setup and expansion, and seems to still be so. Jassy seems to be a maintainer, so don't expect Amazon.com's core businesses to go away.

        • Re: (Score:3)

          by cusco ( 717999 )

          Jassy seems to be a maintainer

          Not really, he's guided AWS from "Hey, let's try this" to the 800 pound gorilla of the cloud computing industry. He's certainly more methodical than Bezos, and I don't expect to see the really off-the-wall proposals like a new Fire Phone under him, but he definitely will expect people to keep innovating and expanding Amazon's offerings.

    • He's not "leaving to spend more time with his family" so don't worry, Amazon shareholders!

      Didn't he get divorced last year? So there's no family to spend time with lol. Maybe he wants to work on that.

      • he has a gf, a former newsreader from Los Angeles television
      • Didn't he get divorced last year? So there's no family to spend time with lol. Maybe he wants to work on that.

        Close. He divorced in 2019 after his affair was found out. He also has four kids with MacKenzie.

        • At $38B, it was the most expensive divorce in history.

          • Hey, she totally earned that money. I mean, she slaved away at home and didn't go to college so she could support the patriarch while he was out earning money, I'm sure.

            Totally worth $38B if you ask me, it's only fair. In fact they should also make him pay $40M a month in alimony so she can continue to live in the style to which she is accustomed.

            • Re: (Score:3)

              by Cyberax ( 705495 )

              Hey, she totally earned that money. I mean, she slaved away at home and didn't go to college so she could support the patriarch while he was out earning money, I'm sure.

              She worked at Amazon alongside Bezos since its founding, and actually hand-delivered the first packages they sent to the USPS.

              Totally worth $38B if you ask me, it's only fair. In fact they should also make him pay $40M a month in alimony so she can continue to live in the style to which she is accustomed.

              Please, stop your misogynistic rants.

          • The value of her stock probably went up over $10 billion in the past year. Or roughly an extra $30 million a day. Truly a gift that keeps on giving.

    • Don't you mean "... with his people on planet Bezos."?

  • Amazon Milestone $100B quarter (Score:3)

    by schwit1 ( 797399 ) on Tuesday February 02, 2021 @05:31PM (#61020962)

    https://www.cnbc.com/2021/02/0... [cnbc.com]

    Leave on a high note like Payton Manning.

  • Let Someone Else Deal With It (Score:1)

    by Anonymous Coward

    He's stepping down to let someone else deal with the Amazon workers forming unions [slashdot.org] and future hearings [slashdot.org] on their anti-competitive behaviors and future anti-trust inquires [slashdot.org].

    I'm sure he'd rather go play with his toys/a.. [slashdot.org]

  • Jeff's next act (Score:5, Funny)

    by virtig01 ( 414328 ) on Tuesday February 02, 2021 @05:32PM (#61020968)

    Season 26 of The Bachelor is going to be crazy.

  • Comment removed (Score:5, Insightful)

    by account_deleted ( 4530225 ) on Tuesday February 02, 2021 @05:38PM (#61020990)
    Comment removed based on user account deletion

    • Re: (Score:1)

      by cfalcon ( 779563 )

      > it was ruthless pursuit of efficiency and dominance, even at the expense of (ed: unprofitable things)

      So you're saying, buy AMZN, right? Because it doesn't sound like you said "sell", so presumably you think "buy".

    • Nobody gives a shit, hippie.

    • Re: (Score:2)

      by Whibla ( 210729 )

      It was not invention that got them where they are, it was ruthless pursuit of efficiency and dominance

      They are not mutually exclusive. Few things in life are truly 2-dimsional.

      For example, their recommendation algorithm (People who liked x also bought y) almost certainly contributed hugely to their market share in the early days, and probably continues to drive additional sales to this day.

      An unwillingness to acknowledge an "enemy's" strengths doesn't bode well when it comes to opposing them.

  • Comment removed (Score:5, Informative)

    by account_deleted ( 4530225 ) on Tuesday February 02, 2021 @05:41PM (#61021004)
    Comment removed based on user account deletion

    • Their logistics system is probably their biggest asset and competitive advantage

      Eh...

      They came to the UK with that attitude for grocery shoppping "We are amazon and we have logistics and algorithms" and got their ass handed to them. They entered a saturated market with multiple competing players who could deliver chilled goods next day to a 1 hour timeslot. Their logistics are good but not incomparable.

      • Comment removed based on user account deletion

        • But that means it's not a competitive advantages.

          • Comment removed based on user account deletion

            • Right so their logistics system isn't their biggest competitive advantage. For it to be it has to (a) be the best and (b) be something other people can't replicate. Being an expert in 2 day shipping isn't a competitive advantage when your competitors have build a 1 day network with 1 hour timeslots.

              • Comment removed based on user account deletion

                • There are so many flaws with your comment I am struggling to find a place to start.

                  That's because I started with a somewhat glib comment which didn't pre-counter every possible nitpick.

                  A competitive advantage that another person can replicate is still an advantage if it has not yet been replicated, it is still an advantage if you do it more reliably, if you do it cheaper, if you do it on a larger scale, it's still an advantage if it provides a favorable position even if it is not superior.

                  Yes, and?

                  A 1 day n

  • He didn't invent any of those things... (Score:5, Insightful)

    by rsilvergun ( 571051 ) on Tuesday February 02, 2021 @05:45PM (#61021018)
    I guess he did do some actual work on the "Just Walk Out" thing, but 1 click shopping was just a patent he got away with because our patent office said the courts should decide and our courts said the patent office should decide so for a period of like 15 years everything was rubber stamped.

    As for his fast shipping, that was accomplished by brutally exploiting his workers. Tech didn't make that possible, a shitty economy and lack of Unions did.

    • Re: (Score:3, Informative)

      by cusco ( 717999 )

      Yeah, they get the best pay of any non-union warehouse shop, benefits, free training to get out of dead-end warehouse industry, continual ergonomic improvements, that's truly brutal.

      Want to bad talk the Amazon fulfillment centers? Go talk to the folks stuck in the Walmart or Target or Kroger distribution centers first. Ask them how their company has dealt with COVID19, and how much they've spent on keeping their employees safe and healthy. Ask them about injuries and repetitive stress and sexual/racial h

      • Comment removed (Score:4, Insightful)

        by account_deleted ( 4530225 ) on Tuesday February 02, 2021 @06:08PM (#61021136)
        Comment removed based on user account deletion
      • e.g. the few that still have a Union...

        As for others, Amazon has had a bit more scrutiny, so they don't get away with as much. But I know people who work in Target's distro center and prefer it to Amazon. But again, we're splitting hairs here with Whataboutism.

        I just wish I could get you to understand that the brutal exploitation hurts you too (assuming you're not a Russian in a call center trying to get us Americans to fight to the death). Their low wages and awful work environment means that the f

        • Re: (Score:2)

          by cusco ( 717999 )

          I've offloaded trucks for Target, it sucked. Not only did it suck, but it was dangerous as hell and the pay was crap. Fifteen dollars an hour may not seem like much when you make $100 grand, but for the folks with no education or training it's a damn good wage, and Amazon forcing its contractors to pay their people that much is the **ONLY** reason why the Democrats are talking about raising the minimum wage above $10/hr. Is it a crappy job? Sure, but it's better than flipping burgers, putting on roofs,

          • Honestly? The wages themselves really aren't the problem.... Amazon is clearly in a position where it can afford to give all of the contractors the $15/hr. minimum that so many people seem to believe is the "magic number" that will cover all of their basic survival needs. The problem is the working conditions. When you talk about "worse jobs" like putting on roofs? Yeah, there's absolutely NO reason you should be earning less than $15/hr. to do that. It's inherently risky (lots of falls off of ladders,

      • Bullshit. I know somebody who leads a German warehouse, and whenever they have these big training events, it's "Germans, you can go home early. All the rest that follows now is flat-out illegal there". The rest gets to stay, and be told a load of horribe draconian Rockefellerian rules. And he can never believe that there are countries where that is even close to legal!

        So I think you just flat-out made all that shit up. And you're one of those blind neo-libertarian "hail corporate" deciples.

        • Re: (Score:2)

          by cusco ( 717999 )

          Yeah, you make it abundantly clear in every Amazon discussion thread that you hate the company and are utterly unable to believe a single good thing about it.

    • Comment removed based on user account deletion

  • 1-Click?! (Score:5, Insightful)

    by Arzaboa ( 2804779 ) on Tuesday February 02, 2021 @06:04PM (#61021118)

    He's got nerve to tout his 1-Click patent. I had to rewrite so much code after he claimed this.

    Up until he patented that nonsense, everything was 1-Click.

    --
    I think software patents are a bad idea. Many patents are given for trivial inventions. - Larry Wall

  • After being so huge in so many countries? Is it because of contacters being more of Amazon's workers?
  • Right now Blue Origin has over the last few years gone incredibly slowly. Their only rocket they've made yet, the New Shepard can barely do a little up and down without going to orbit, and they've been promising for years that it would have people on it with that keep getting pushed back. Their New Glenn rocket looks really awesome, and its main engine, the BE-4 looks like a great engine, so if they can get that to work it will be a highly efficient reusable rocket. But New Glenn, and its engine are both wa

  • with a computer-generated voice telling me about how something important has changed at Amazon, unless I press "1" and speak to a customer service member.

  • Better get out while we still can.

  • "I have to go now. My planet [fandom.com] needs me."
    While he is carelesly cut out of the room like Poochie the dog.

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