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Added on the 03/02/2021 08:17:22 - Copyright : France 24 EN
The ruling can be appealed to the 27-nation bloc's highest court, the European Court of Justice
Amazon founder Jeff Bezos said Tuesday he would stand aside later this year as chief executive of the company he built from a startup into one of the world's most valuable firms. The world's richest person based on his Amazon stake, Bezos said he will transition to the role of executive chair in the third quarter, handing over the CEO role to Andy Jassy, who heads Amazon Web Services. FRANCE 24's Alyssa Caverley tells us more.
Earth's wealthiest man Jeff Bezos says he's "going to build a road to space so that our kids and their kids can build the future" as he returns from a space flight with the crew of his firm Blue Origin's first crewed space mission. The crew included 82-year-old barrier-breaking woman aviator Wally Funk and and 18-year-old Dutch teen Oliver Daemen. Funk and Daemen became the oldest and youngest astronauts, respectively.
Amazon founder Jeff Bezos is handing over the reins of his $1.7 trillion shopping and entertainment empire to Andy Jassy. Bezos will now be devoting more time to space exploration, philanthropy and The Washington Post. In a year of record profits for the on-line retailer, Ava Seave calls it "a really good strategic move by Bezos." With Amazon under such intense scrutiny - facing a restive workforce and calls for tighter regulation, "it makes sense for ‘the richest guy in the world’ to step away from managing the company." Nevertheless, Ms. Seave is quite certain that he will still maintain a certain level of influence and "the company will, in fact, proceed as if Bezos was the head." Ava Seave is Principal and Co-founder of Quantum Media; Ms. Seave is also Adjunct Professor at Columbia Business School and Columbia Journalism School.
As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world's most powerful corporations. Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavors.
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