on the crypto
It's time for Amazon.com Inc. founder Jeff Bezos to take his place as founder / senior statesman as the head of Amazon's cloud computing arm takes over. The change at the top may not change much at Amazon (Amazon shares - ticker AMZN), but it could influence the most crucial choice that the company will face: whether to leave Amazon Web Services and Amazon.com under the same roof or not.
Bezos as Gates
Although Bezos is often compared to Apple Inc. (AAPL) cofounder Steve Jobs, his departure from CEO role is more reminiscent of the history of tech world legends like Microsoft Corp.'s Bill Gates (MSFT) and Alphabet Inc's Larry Page. . (GOOG, GOOGL).
Bezos resigns as CEO as the company hits new records, but will remain president of the e-commerce giant he founded in the early days of the dot-com bubble. "I've never had more energy, and it's not about retiring," Bezos said in an email to employees explaining his plans for the nonprofit Bezos Earth Fund, the construction of rockets. with Blue Origin and its Washington Post property. "I'm super passionate about the impact I think these organizations can have."
Bezos will remain alone for the big strategic decisions
Amazon CFO Brian Olsavsky said Bezos would be involved in what Amazon calls "one-sided problems," meaning big strategic decisions, like the acquisition of Whole Foods.
“Jeff has always been involved in that, and that's where we will focus his time,” Olsavsky told analysts during the company's earnings call. This, in reality, does not represent a great change externally and probably not internally either.
In recent years, Bezos has hardly been the public face of Amazon. He does not participate in quarterly earnings calls with Wall Street but writes an annual letter to shareholders and chairs Amazon's annual general meeting. More recently, his public appearances have ranged from elite tech conferences to testimony in the US Congress in recent antitrust hearings. “Bezos is not as visible as other CEOs, it will be interesting to see if Andy has a different feel,” said Ed Anderson, analyst at Gartner Inc.
The choice on AWS
One conundrum that Jassy may face when he holds the position of CEO later this year is the huge question about AWS: Will it remain part of Amazon? Jassy has worked on AWS since its inception and has been its staunchest supporter, so it seems unlikely that he will decide to separate him from the company he now runs.
“Bezos will certainly have a say in this decision, just as Gates had a say in Microsoft's management until last year. It may seem unthinkable for investors to imagine Amazon without the visionary Bezos, but it could remain as executive president for years, even decades, as Gates has shown. While Jassy attempts to bring Amazon into its next era, Bezos will still be around to make sure it succeeds.
