Amazon founder and chief executive Jeff Bezos said Tuesday he would be stepping down as CEO of the legendary ecommerce company to become its executive chair. The news, announced in a note to employees, arrived alongside Amazon’s earnings for the fourth quarter of 2020, during which the company generated over $125 billion in sales, propelled by holiday shopping and pandemic buying.
Who, you might ask at this moment, is Andy Jassy? He’s a talented entrepreneur, for sure, having built Amazon Web Services from a skunkworks inside a larger company starting in 2006 to one of the most valuable entities in the world. He’s been controversial, too, leading the development of AWS’ Rekognition facial recognition software and vociferously defending it when law enforcement has been accused of misusing it. Mr. Jassy has been diplomatic, making sure that AWS has largely avoided the crises that have ensnared other digital entities nested inside Amazon [...]