Amazon CEO Jeff Bezos resigns but why? Here's the answer
Significantly, Jeff Bezos started Amazon with the sale of books on the Internet 27 years ago. He wrote a note to the employees of the company.
New Delhi: Jeff Bezos, CEO of e-commerce company Amazon, is about to step down. The company announced it late Tuesday evening. Amazon company has said that he will become the executive chairman of the company after his resignation.
The company has earned profits for the third consecutive quarter. For the first time, its sales have crossed 100 billion dollars. This change will happen after the third quarter. Bezos will be followed by Amazon's new CEO Andy Jassy, who currently heads Cloud Computing.
How Amazon Journey started ?
Significantly, Jeff Bezos started Amazon with the sale of books on the Internet 27 years ago. He wrote a note to the employees of the company. In this note, he said, "I will be attached to the big initiative of Amazon as Executive Chairman."
Jeff Bezos focusing on his other hobbies:
Jeff further said that I need time and power, in which I want to invest for Day 1 Fund, The Bezos Earth Fund, Blue Origin, The Washington Post and other hobbies. I have never been so energetic before. I am not retiring. " Jesse started his innings with Amazon in the year 1997.
According to the company's website, he has an MBA from Howard Business School. He started Amazon Web Services. Then they were given the shape of a cloud platform, which has millions of users. The company has not told who will be assigned to JC's present responsibilities.
Bezos wrote, 'I don't know what other companies have a track record in terms of inventions, but we have done a great job and you should be as proud of your inventors as I am.