NewsWorldThe American billionaire Jeff Bezos leaves the management of...

The American billionaire Jeff Bezos leaves the management of Amazon

-

Published on :

It’s official, Jeff Bezos, the richest man in the world, leaves the management of Amazon Monday after having built, from a modest online bookstore, one of the most powerful companies on the planet. The billionaire will devote himself to other projects, starting with a trip to space on July 20.

At 57, businessman Jeff Bezos will leave his position as general manager of Amazon to his lieutenant Andy Jassy on Monday, July 5, to devote himself to other projects, starting with a trip to space, July 20. He will retain a key role in the company he founded in the United States 27 years ago, remaining executive chairman of its board.

Launched in the garage of Jeff Bezos, who did the packages himself, Amazon is now worth more than $ 1,700 billion on the stock market and in 2020 generated a turnover of $ 386 billion. It’s a sprawling group, from e-commerce and cloud computing to groceries, artificial intelligence and film production.

An embodiment of innovation

Whether it’s selling books, cloud computing or home delivery, “Bezos has spurred many services people now take for granted, such as shopping. online, order something and have it delivered the next day, ”says Darrell West of the Center for Technology Innovation at the Brookings Institution.

The company has supplanted its rivals by choosing the early years to “reinvest all profits in growth,” analyst at Endpoint Technologies Associates. A strategy which has sometimes left investors perplexed but which now “appears completely logical”, he underlines.

The boss of Amazon has been able to supplant his competitors in the e-commerce niche, in particular by understanding “the need to build infrastructure”, whether it is his vast network of warehouses or his fleet of trucks, Bob O’Donnell of Technalysis Research. “A lot of other companies didn’t want to spend the money on this thankless behind-the-scenes job.”

His company’s fortune has also been his own: even after having sold part of his shares in Amazon to his ex-wife after his divorce, Jeff Bezos is currently worth around $ 200 billion according to Forbes magazine.

He is giving up the day-to-day management of his company to spend more time on other projects like his other company Blue Origin, which will make its first space tourism flight on July 20 with Jeff Bezos on board. The businessman also owns the Washington Post newspaper and has said he wants to devote time and money to the fight against climate change.

Victim of his own success?

If he has been praised for the many innovations which have sometimes shaken up entire economic sectors, he has also been vilified for certain business practices that tend to crush competition or for the treatment of his employees.

Jeff Bezos is leaving as Amazon, which employs more than 800,000 people in the United States after seeing its business soar during the pandemic, faces much criticism from employee advocates or regulators.

Amazon highlights the fact that the company offers a minimum hourly wage of $ 15 and various benefits, but critics regularly denounce the obsession with efficiency at the risk of treating employees like machines.

In his last annual letter to shareholders in April, and after an unsuccessful attempt to organize at a warehouse of his group in Alabama, Jeff Bezos acknowledged that the group had to do better for its employees and promised that Amazon would become ” the best employer on Earth “.

Worried about the growing stranglehold of a few tech giants over entire sections of the economy, regulators are considering measures to partially dismantle Amazon. For Roger Kay, analyst at Endpoint Technologies Associates, Amazon could thus become “a victim of its own success”.

With AFP

1 COMMENT

  1. https://community.afpglobal.org/network/members/profile?UserKey=a22e1afb-adda-4079-92b2-d83a85a1eb7d
    https://academy.autodesk.com/users/mvwohbhpuovktigtxpat
    https://academy.autodesk.com/users/download-los-orioles-erotico-enthousiaste-27
    https://community.afpglobal.org/network/members/profile?UserKey=9851d7a0-8f13-4c01-85ec-70e1589fd7a7
    https://academy.autodesk.com/users/download-sarah-moule-stormy-emotions-fea-92
    https://community.afpglobal.org/network/members/profile?UserKey=c95b2233-3507-4c50-b33b-cdad7ca73c3e
    https://academy.autodesk.com/users/download-zerny-lofi-vibe-97
    https://community.afpglobal.org/network/members/profile?UserKey=7b071657-91e9-4d2f-888c-a663583354bf
    https://academy.autodesk.com/users/vnyhsycexpxubgtcgrdw
    https://community.afpglobal.org/network/members/profile?UserKey=73a66630-19d3-498f-8d85-cf6ea6fbd8a7
    https://academy.autodesk.com/users/gltiuobzeusnvejxniob
    https://academy.autodesk.com/users/download-katie-rushing-sparrow-98
    https://community.afpglobal.org/network/members/profile?UserKey=741282cb-072a-421e-8718-383d4ec281f6
    https://academy.autodesk.com/users/download-mazee-blanco-ghetto-quran-72
    https://academy.autodesk.com/users/download-storefront-church-we-pass-76
    https://academy.autodesk.com/users/download-peter-lenzin-here-now
    https://academy.autodesk.com/users/download-pray-gthn-71
    https://academy.autodesk.com/users/download-jeff-russo-zoe-kea-oslo-hbo-r-original-81
    https://www.netaworld.org/network/members/profile?UserKey=6945b73b-8da6-4eef-9ef9-03eb37a6c16e
    https://community.afpglobal.org/network/members/profile?UserKey=b924c665-eadf-430b-ba50-67067e01f823
    https://community.afpglobal.org/network/members/profile?UserKey=2ae3ee8d-72c7-42ff-9373-0305a12c9b3e
    https://www.netaworld.org/network/members/profile?UserKey=b2add760-8b57-4586-82d8-1c335e985419
    https://academy.autodesk.com/users/tbdigrqbaaqknebxuurz
    https://community.afpglobal.org/network/members/profile?UserKey=5da309b8-ca68-4465-985a-cea016611808
    https://academy.autodesk.com/users/download-eggvn-la-era-de-la-bestia-28
    https://academy.autodesk.com/users/download-marinero-hella-love-20
    https://community.afpglobal.org/network/members/profile?UserKey=ea0d3af2-8dc4-429d-b09d-e21f48ccbb95
    https://community.afpglobal.org/network/members/profile?UserKey=a0965d67-35aa-4016-b1da-62731fbf668e
    https://academy.autodesk.com/users/download-campodonico-waxahachie-22
    https://community.afpglobal.org/network/members/profile?UserKey=f2dc6118-9877-4054-b3ac-0bad03d37b61
    https://community.afpglobal.org/network/members/profile?UserKey=334798b4-fe78-4e34-aa9b-7c1d2852cf7c
    https://www.netaworld.org/network/members/profile?UserKey=3f686055-3139-4d84-b0eb-e1701cb5c752
    https://academy.autodesk.com/users/download-polish-ambassado-polish-ambassado-91
    https://community.afpglobal.org/network/members/profile?UserKey=1c003021-d005-4ff3-89ef-41304ee68711
    https://academy.autodesk.com/users/download-carry-hatchet-jayne-schmayne-87
    https://academy.autodesk.com/users/ocqzeysoqpttvwcglpnm
    https://academy.autodesk.com/users/download-you-nothing-lonely-lovely-87
    https://www.netaworld.org/network/members/profile?UserKey=0b3ca441-f4da-456b-a5cb-38cf9501e7b8
    https://academy.autodesk.com/users/uqmxxnxaqnanhwohlmbu
    https://academy.autodesk.com/users/download-7-jaws-je-vois-les-couleurs-41
    https://academy.autodesk.com/users/download-benjamin-herman-ro-swing-de-paris-vol-83
    https://academy.autodesk.com/users/download-lil-busso-sbagli-di-proposito-84
    https://academy.autodesk.com/users/download-sheety-taurus-ep-36
    https://community.afpglobal.org/network/members/profile?UserKey=146f9804-2ad6-49e2-8f67-cb5cde0a64b8
    https://community.afpglobal.org/network/members/profile?UserKey=4c215df3-9616-41c8-a3db-b42f61343808
    https://www.netaworld.org/network/members/profile?UserKey=773bfe61-ebb8-4577-87dc-36459a49a1dc
    https://academy.autodesk.com/users/download-sinseuneikeu-fluxus-11
    https://community.afpglobal.org/network/members/profile?UserKey=14184bc4-95da-4258-bbd3-fb7c030024c0
    https://www.netaworld.org/network/members/profile?UserKey=c6c8f639-f767-4203-a5bd-bf1a66081b41
    https://community.afpglobal.org/network/members/profile?UserKey=9037d3af-0695-4fce-8a4b-b0d0d48a765a
    https://community.afpglobal.org/network/members/profile?UserKey=c2615a66-5df3-4e61-9aef-7150a4ff18a3
    https://academy.autodesk.com/users/download-pizhony-kovry-5
    https://www.netaworld.org/network/members/profile?UserKey=c63aa600-cfc1-4c03-9b58-67b44c9fa6a9
    https://academy.autodesk.com/users/eguhlkweaaphyqlbozmk
    https://academy.autodesk.com/users/download-varios-artistas-tardes-puro-rock-37
    https://academy.autodesk.com/users/download-scott-matthews-new-skin-99
    https://academy.autodesk.com/users/fekcxqjjqjulzfkhxmfy
    https://academy.autodesk.com/users/download-artillery-x-92
    https://community.afpglobal.org/network/members/profile?UserKey=a06de669-7a38-401e-a327-d362cd9f556e
    https://community.afpglobal.org/network/members/profile?UserKey=9c6d421f-d16b-4d81-ba7c-cc7c28a2f713
    https://academy.autodesk.com/users/xdgbweumfrzaisykwaht
    https://community.afpglobal.org/network/members/profile?UserKey=0ff4e2f5-0a9c-4ee6-86c6-7168396b76e7
    https://academy.autodesk.com/users/download-joe-lovano-dave-do-other-worlds-feat-31
    https://academy.autodesk.com/users/download-phil-bourg-01001001-01000011-01-19
    https://academy.autodesk.com/users/download-hugh-hardie-dream-green-ep-81
    https://community.afpglobal.org/network/members/profile?UserKey=b4788b63-5a8a-4b76-bcf5-3137b26be58b
    https://academy.autodesk.com/users/download-rb-inj-world-k-pop-s-13
    https://community.afpglobal.org/network/members/profile?UserKey=79d30537-377b-4b8f-a75f-b4e38c2d38e4
    https://community.afpglobal.org/network/members/profile?UserKey=45d5e9b2-4114-4571-8923-1424e9747519
    https://community.afpglobal.org/network/members/profile?UserKey=e8dc42a3-07e9-445c-992d-9c7b57c17beb
    https://community.afpglobal.org/network/members/profile?UserKey=ae4c6e92-09c9-45e1-abb5-11cf2f45519f
    https://academy.autodesk.com/users/download-summit-punpeexvavaxo-oddtaxi-original-sou-59
    https://community.afpglobal.org/network/members/profile?UserKey=201690bc-5f29-4260-b631-643b45ccb818
    https://academy.autodesk.com/users/ibubrejcbjhqqflnmfif
    https://community.afpglobal.org/network/members/profile?UserKey=073c354d-3edd-4019-a48b-2289ba9137ed
    https://community.afpglobal.org/network/members/profile?UserKey=ac713c48-c303-4996-918c-2b4cef966412
    https://academy.autodesk.com/users/kgzyjsjcvwqzycvzzpwr
    https://academy.autodesk.com/users/download-ncy-milky-band-burn-16
    https://community.afpglobal.org/network/members/profile?UserKey=5563f062-6136-4b88-9771-9ed4c445a78f
    https://academy.autodesk.com/users/download-proyecto-jesucristo-por-siempre-reinaras-54
    https://academy.autodesk.com/users/download-patrick-paige-ii-if-i-fail-are-we-sti-42
    https://academy.autodesk.com/users/download-lilian-renaud-dans-un-moment-de-bo-1
    https://community.afpglobal.org/network/members/profile?UserKey=53e990a8-7d69-4530-bbc4-fa0db5132df7
    https://academy.autodesk.com/users/download-megan-mcduffee-inner-demons-45
    https://academy.autodesk.com/users/download-cmqmartina-disco-2-4
    https://academy.autodesk.com/users/download-kita-kita-86
    https://academy.autodesk.com/users/download-simon-stalenhag-music-satanic-ch-67
    https://academy.autodesk.com/users/download-craig-padilla-perspectives-29
    https://academy.autodesk.com/users/duajjqesucykdjowwitj
    https://community.afpglobal.org/network/members/profile?UserKey=e5ee3242-eb0c-40f5-8240-4504496a4854
    https://academy.autodesk.com/users/download-matt-deighton-wake-moths-2-44
    https://academy.autodesk.com/users/download-steve-louw-headlight-dreams-39
    https://academy.autodesk.com/users/bevoeqwovahlzmillekl
    https://community.afpglobal.org/network/members/profile?UserKey=a1f674cc-e51f-4e6c-bec9-b6e06277f8d4
    https://academy.autodesk.com/users/download-na-filet-positionnement-radi-14
    https://academy.autodesk.com/users/download-smigg-dirtee-sonny-rollin-stonez-33
    https://academy.autodesk.com/users/download-varios-interpretes-beach-lounge-music-90
    https://academy.autodesk.com/users/download-emmvr-dabeast-ep-22
    https://community.afpglobal.org/network/members/profile?UserKey=a34ca985-7d41-45d9-a468-348bbadec21b
    https://academy.autodesk.com/users/ijtofudloxrzuecpxchi

Comments are closed.

Latest news

Another ATTACK on Kiev: Rockets hit a residential building! So far, one dead has been pulled out of the rubble by a little...

Several explosions sounded in the Shevchenko district of Kiev after 6 a.m. local time this morning, according to Reuters,...

Russian Missiles Hit Kyiv as G7 Summit Begins in Europe

This is how they rebuild a village in Kyiv after the withdrawal of Russian troops 2:26 (CNN) - Russia...

Fabio Quartararo retires on a fall and loses big, Francesco Bagnaia winner – Eurosport FR

Quartararo makes a mistake and Bagnaia takes advantage. Yet confident before the start, Fabio Quartararo (Yamaha Factory) suffered...

Johnson and Macron see an opportunity to reverse the course of the war in Ukraine – Topky.sk

A spokesman for Downing Street said Britain's and French leaders, who met Sunday at Elmau Castle in the Bavarian...

CYCLING – FRENCH CHAMPIONSHIPS – MEN’S ROAD RACE – Eurosport FR

CYCLING - FRENCH CHAMPIONSHIPS - MEN'S LINE RACE Eurosport FRENTRETIEN. Arnaud Démare: "For the blue-white-red jersey, I still...

You might also likeRELATED
Recommended to you