Jeff Bezos, 57, considered the richest man in the world, will leave the position of general manager to the second man, Andy Gacy, next Monday, July 5, to devote himself to other projects, one trip to space. On July 20, today Agence France-Presse reported.
Agence France-Presse reported today that Bezos will retain “a key role in the company he founded only 27 years ago, and will remain CEO of the Board of Directors.”
Bezos is leaving Amazon, the company that currently employs more than 800,000 people in the United States of America alone, after seeing its business grow during the Covid-19 pandemic, and after facing much criticism from worker advocates and regulators, who regularly denounced an obsession with efficiency but treating employees like machines.
On the other hand, if there is criticism of the president of an “e-commerce” giant for ignoring certain business practices that crush competition, or for the way he treats his workers, there are also those who praise him for his innovations that, at times, have shaken up entire economic sectors.
Whether it’s selling books, ‘cloud’ information, or home delivery, Bezos is a leader driving change, says Daryl West, of the Brookings Institution’s Center for Technology Innovation.
“This gave impetus to many of the services that people now take for granted, such as ‘online’ shopping, ordering something and getting it the next day,” Daryl West noted.
Roger Kay, an analyst at Endpoint Technologies Associates, for his part, considers Bezos “has an instinct to see what works” in the next market.
Bezos outperformed its competitors by choosing the first few years to “reinvest all profits into growth,” Kay recalls.
A strategy that has baffled investors at times, but now it “makes perfect sense,” Kay adds.
Bezos is leaving the day-to-day management of his company to devote more time to other projects, such as his other company Blue Origin, which will make its first space tourism flight on July 20, in which Jeff Bezos’ flight will take place.
The entrepreneur is also the owner of the Washington Post and has already said that he wants to devote time and money to fighting climate change.
Amazon (an online bookstore) was launched in Jeff Bezos’ garage, where he began collecting “online” orders.
Today, the e-commerce giant is worth more than $1.7 billion on the exchange, with a total profit in 2020 of $386 billion.
It is a group that covers different market segments, such as e-commerce, cloud storage, artificial intelligence or film production.
The company claimed to have lost nearly $4 billion (3.5 billion euros) in costs related to the pandemic.
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