#Family andy jassy plus#
On the plus side, Jassy has the trust of Bezos after running the AWS division, which brought in $13.5bn of revenue in the first three months of 2021, a 32% increase on the same period a year earlier. “Jassy will run the meetings but anything that requires a strategic decision and a lot of money, they will take it to Bezos,” Pachter says. Jassy will have to do that, and run the company, with Bezos sitting on his shoulder as chair. “Jassy is going to have to become a spokesperson and to be the guy who testifies before Congress.” That stuff will have to be cleaned up,” Pachter says. “The retail division got so frenzied to provide a remarkable for customers, it probably did take advantage of employees. Michael Pachter, an analyst at Wedbush Securities, said Jassy’s biggest challenge will be handling that scrutiny. That success has heightened scrutiny of Amazon and demands for further regulatory controls on a company that has been heavily criticised for its low tax payments and treatment of workers.
Jeff Bezos will step back from day-to-day running of Amazon to focus on other projects, such as his space exploration company Blue Origin. Fifteen-minute supermarkets like Weezy make Amazon look like a laggard.” There are a lot of other disruptive businesses coming in. There is a challenge to innovate at scale and maintain agility and culture that’s allowed them to be as nimble as they have been. “There is a risk of going from disruptor to disrupted. “He will have to balance trying to be everywhere and everything to everyone with the limits to that,” says Natalie Berg, a retail analyst and co-author of Amazon: How the World’s Most Relentless Retailer Will Continue to Revolutionise Commerce.
And, as Bezos takes on fresh challenges – including taking a flight into space on his Blue Origin company’s rocket later this month – Jassy will be tasked with retaining the company’s “day one” startup philosophy at what is now one of the world’s largest companies, employing more than 1.3 million people. Jassy’s elevation to the top job is taking place at a critical time for Amazon, which is facing a growing threat of regulatory action to control its dominance of markets across the world.
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