Jeff Bezos To Step Down As Amazon CEO

Amazon founder and CEO Jeff Bezos will step down from his role during the third quarter of this year, the company announced Tuesday.“If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn,” Bezos said in a statement. “That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”$196.4 billion. That’s how much Bezos is worth, according to Forbes, in large part thanks to his 11.1% stake in Amazon. Bezos started the company that would revolutionize e-commerce in his Seattle garage in 1994. He made headlines in 2019 with his high-profile divorce from MacKenzie Scott, his wife of 25 years, during which he agreed to give her one quarter of his Amazon stake. Bezos also owns the Washington Post and the aerospace company Blue Origin. Jeff Bezos Becomes The First Person Ever Worth $200 Billion (Forbes)Bezos Unbound: Exclusive Interview With The Amazon Founder On What He Plans To Conquer Next (Forbes)Inside Amazon's Idea Machine: How Bezos Decodes Customers (Forbes)This is a developing story, please check back for updates.


All data is taken from the source: http://forbes.com
Article Link: https://www.forbes.com/sites/sarahhansen/2021/02/02/jeff-bezos-to-step-down-as-amazon-ceo/


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