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Added on the 21/07/2021 12:40:15 - Copyright : AFP EN
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.
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.
Jeff Bezos founded Amazon in his garage almost 30 years ago, and grew it into the world's biggest online retailer. He has announced he will step down as its Chief Executive later this year, although he will remain on as Executive Chairman. Bezos became the world's richest man while running Amazon, and will be replaced by the head of the company's cloud division, Andy Jassy. Also today, despite the gloomy economic picture in France, the country's bakeries are struggling to recruit staff: some 9,000 jobs are on offer.
Blue Origin space travel company conducted a historic test on Monday by successfully launching and landing from Van Horn in Texas a reusable rocket, Space.com reported.
A Blue Origin capsule carrying Jeff Bezos and three crewmates touches down in the west Texas desert after breaching the boundary of space, the company's live broadcast shows. "A very happy group of people in this capsule," says Bezos to the control room immediately after touchdown. IMAGES
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