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Jeff Bezos stepping down as CEO at the end of Q2
Posted on 2/2/21 at 3:15 pm
Posted on 2/2/21 at 3:15 pm
LINK
quote:
Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon's board.
This post was edited on 2/2/21 at 3:16 pm
4
Posted on 2/2/21 at 3:17 pm to Street Hawk
I would have retired a longggg time ago
Posted on 2/2/21 at 3:21 pm to Ruxins Rascals
Sounds like this Jassy dude is no slouch. Has been with the company for 25 years and obviously has all the trust of Bezos. But he's only worth about $377MM. fricking lightweight. 
This post was edited on 2/2/21 at 3:22 pm
Posted on 2/2/21 at 3:21 pm to Street Hawk
Whoa. I figured he would stay on as CEO for a long, long time.
Posted on 2/2/21 at 3:41 pm to Street Hawk
My god they crushed it. Only reason this isn’t up 5% after hours is because of the Bezos news. Once the shock wears off and upgrades come in this week this thing will run.
Posted on 2/2/21 at 3:44 pm to PillPusher
Their main earning driver is AWS and surprisingly it missed.
But yeah coupled that with Bezos stepping down, pretty impressive it is still flat.
quote:
Revenue at AWS climbed to $12.7 billion from $9.95 billion a year earlier, below the $12.83 billion consensus estimate among analysts polled by FactSet. AWS revenue represented 10% of Amazon’s total sales. AWS continued to drive much of Amazon’s profit. Operating income increased 37% from a year earlier to $3.56 billion, but trailing the $3.75 billion FactSet consensus estimate. That means 52% of the company’s operating income can be attributed to AWS, compared with about two-thirds in the same period a year ago.
But yeah coupled that with Bezos stepping down, pretty impressive it is still flat.
Posted on 2/2/21 at 3:47 pm to Street Hawk
He’s going to be remaking executive of the board. Pursuing focus on Blue Origin and The Post
Posted on 2/2/21 at 3:47 pm to Ruxins Rascals
quote:
I would have retired a longggg time ago
Don't forget that he had to give his ex-wife $38 billion in the divorce...times have been lean at the Bezos house.
Posted on 2/2/21 at 3:51 pm to AUHighPlainsDrifter
Yup, hopefully he can feed his family. Dude's juts trying to make a living
Posted on 2/2/21 at 3:53 pm to TheDeathValley
So it sounds like Jassy married a woman named Elana Caplan in 1997, but the picture it pulls up for that search is Elana Caplan marrying another woman in 2017. Did he get divorced and now she's playing for the other team? That would be such a Seattle thing to do.
This post was edited on 2/2/21 at 3:54 pm
Posted on 2/2/21 at 3:58 pm to Chucktown_Badger
Can't wait to see see the 8K with his salary and long term incentives so I can cry a little
Eta: from Last years 14A.
Eta: from Last years 14A.
This post was edited on 2/2/21 at 4:05 pm
Posted on 2/2/21 at 4:13 pm to castorinho
Wait...is that saying that he was paid less than $200k in 2017?
And that he then got 19MM shares in 2018?!
And that he then got 19MM shares in 2018?!
Posted on 2/2/21 at 4:18 pm to Chucktown_Badger
Wow! That's almost $67 billion.
Posted on 2/2/21 at 4:19 pm to AUHighPlainsDrifter
That can't be shares...has to be the value of the shares received. If so he only made close to $20MM in 2018.
This post was edited on 2/2/21 at 4:20 pm
Posted on 2/2/21 at 4:24 pm to Chucktown_Badger
quote:
Wait...is that saying that he was paid less than $200k in 2017?
And that he then got 19MM shares in 2018?!
LOL at that Olavsky dude. He got screwed in 2019.
Posted on 2/2/21 at 4:25 pm to Chucktown_Badger
Yeah, you're right. Still...not bad for a year's work. The SVP of business development didn't do so bad either.
Posted on 2/2/21 at 4:26 pm to AUHighPlainsDrifter
Some of us make more than Amazon leadership 
Posted on 2/2/21 at 4:26 pm to STLhog
quote:
LOL at that Olavsky dude. He got screwed in 2019.
He must've pissed Jeff off!
Posted on 2/2/21 at 4:28 pm to Chucktown_Badger
Posted on 2/2/21 at 4:29 pm to AUHighPlainsDrifter
I wonder if this news and move has anything to do with a health issue with Bezos.
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