Home NEWS Jeff Bezos resigns as Amazon Boss

Jeff Bezos resigns as Amazon Boss

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Jeff Bezos, American business magnate, who is founder and chief executive officer of one of the world’s largest technological organisations Amazon, steps down from Amazon on Monday – exactly 27 years after he founded it. However, Bezos will retain a crucial role as the executive chair of the organisation.

He will not be a part of the daily management and will spend more time on other projects including his Aerospace company Blue Origin.

Jeff Bezos, American business magnate, who is founder and chief executive officer of one of the world’s largest technological organisations Amazon, steps down from Amazon on Monday – exactly 27 years after he founded it.

However, he will retain a crucial role as the executive chair of the organisation. He will not be a part of the daily management and will spend more time on other projects including his Aerospace company Blue Origin.

Jeff Bezos

Andy Jassy, The chief of Amazon Web Services will become the new CEO.

Andy Jassy, Amazon New CEO

Bezos, however, has many critics. Last month, an article from ProPublica claimed to have seen Bezos’ tax returns alleging he paid no tax in 2007 and 2011. It was a stunning claim about the world’s richest man.

There have been other negative stories about Amazon, its ruthlessness, its claims of monopolistic behaviour that have been a dent on Bezos reputation.

However, many people who worked closely with him have described him as a business visionary – a man with a singular focus who has created a legendary work philosophy and a company worth almost $1.8 trillion.

Always fascinated by space travel, later this month he aims to fly into space on the first crewed flight made by his company Blue Origin.

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