Bezos Is Stepping Down

Discussion in 'Wall St. News' started by vanzandt, Feb 2, 2021.

  1. vanzandt

    vanzandt

    Bloomberg
    @business
    ·
    41m
    BREAKING: Jeff Bezos will step down as CEO of Amazon and transition to the role of executive chairman. Andy Jassy will succeed him in the third quarter of 2021
    https://bloom.bg/3j9wuGn

    I wonder if he has to take a pay cut.
     
    Last edited: Feb 2, 2021
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  2. Overnight

    Overnight

    Is going from CEO to executive chair a downgrade, upgrade, or just a lateral transfer?
     
  3. Turveyd

    Turveyd

    To focus on the The Great Reset no doubt :)

    He's only got 300Bil in my bank, risky call, could end up poor and homeless LOL
     
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  4. themickey

    themickey

    My understanding, CEO looks after more the technical aspects of the business while chairman has responsibility for more of the business plan.
    Chairman is often listed first in annual reports ahead of CEO but that imo doesn't diminish a CEO's importance of running a business.
    Pay scale, not sure but I would think a CEO' role would be busier due to looking more at the nuts and bolts of a business.
    I could be wrong, this is my impression.
     
  5. Overnight

    Overnight

    Hmm, I would call that an upgrade for the company then, because Bezos knows how to implement a business plan. Right Alexa?

    "Sorry, I don't know that."

    Alexa! What is Bezos's business plan?

    "Sorry, I don't know that."

    ALEXA! WHO is JEFF BEZOS?!?

    "Jeff Bezos is...stand by, updating...updating...Sorry, I don't know that."

    Alexa, thanks for nothing.

    "You bet!"
     
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  6. S2007S

    S2007S

    Hes Only doing this to focus on his space endeavors....trying to lay out that space race for the possibility of one day making space living a reality. But damn we are hundreds and hundreds of years away from that ever happening, yes I'm the one who thinks this is just another hyped up many many trillion dollar unicorn at the moment just because they can grab people's attention and dollars to think space living will be a reality sometime in the next decade. Not going to happen the way the game plan is set up in my opinion. But when you have hundreds of billions and rockets, people will think oh damn we will be living in space, so here take my money and sign me up.
     
  7. VEGASDESERT

    VEGASDESERT

    Bozo still upset he lost the Pentagon cloud contact.
     
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  8. Overnight

    Overnight

    Who the hell will want to live in space? It is ridiculous.
     
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  9. jys78

    jys78

    Couldn't take the shame of losing #1 spot to Elon.

    Nevertheless, I won't be selling a single share. Ever.
     
  10. #10     Feb 2, 2021