The Intelligence from The Economist Rise above the cloud: Amazon’s new chief executive
Feb 3, 2021
Joan Hoey, Director of the Democracy Index at the Economist Intelligence Unit, shares insights on significant shifts in democratic norms worldwide. She discusses the challenges faced by Amazon's new CEO, Andy Jassy, as he inherits a complex legacy from Jeff Bezos during pivotal times for the tech giant. Hoey highlights alarming trends in global democracy, particularly in Myanmar and Uganda, where electoral turbulence threatens stability. The conversation also touches on a high-profile capture of a notorious fugitive, blending crime and international intrigue.
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Bezos Steps Down
- Amazon reported over $100 billion in sales for the first time in Q4 2020.
- Founder and CEO Jeff Bezos announced his transition to executive chairman.
Jassy's Succession
- Jeff Bezos, while stepping down as CEO, will remain as executive chairman.
- Andy Jassy, head of Amazon Web Services, will succeed Bezos as CEO.
Founder-CEOs Departing
- Bezos was one of the last founder-CEOs among the big five tech companies.
- Only Mark Zuckerberg remains in the top leadership position at such a tech giant.