191–200 of 1001 posts
The CEO role comes with a lot of mundane responsibility (and potential liability) that I’m surprised he held onto for so long. I would expect a guy like Jeff to want to get on another rocket ship (unsure if literal or figurative).
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Let's start with the premise that "representative government is the union of the people" and "profit motive is not always the best incentive for action in society", and go from there.
I dispute that premise. I'd hardly call America "unified" at the present moment; we are in such a state of disunity that many are refusing to accept election results. Pervasive as Amazon, Google, et al. may be, they are still much easier to escape than the United States government.
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> Corporations should never be allowed to get this large. Why? Bonus question: Why should governments be allowed to get that big?
What do you mean by "get this big"? Governments aren't defined by a market cap, but rather by the services they provide to their citizens. Consider that a private company's only goal is to enrich its shareholders, and they have no responsibility to the people or places around them. They are only accountable to their shareholders and the government. A governments responsibility is solely to its citizens who also contr…
Time to spend the cash. The big money had been made.
I think retirement is more of a time to ponder life. I doubt he's going to pull some big expenditure. He'll probably invest in multiple companies.
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> It's $280.5 billion in revenue in 2019 put it above the GDP of Romania, Peru, Ukraine, etc. > Corporations should never be allowed to get this large. Or maybe we should convince a larger swath of humanity to unite behind an idea larger than "nationhood" or "my country".
A for-profit corporation seems like a terrible candidate for such a position.
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Yeah - the man is 57, and at this point does NOT have to work anymore...probably for the rest of his life. Looks like he still intends to run his philanthropies, Blue Origin, and the Post, but after the type of run he has had, he's probably taking some more free time while he's healthy. I try not to fall into the "cult of personality" trap, but Amazon is where it is _because_ of Bezos, and it'll be fascinating to wat…
I think you pass the point of not having to work somewhere prior to 130B net worth. I'm worried about what happens to Amazon with Bezos gone. A good outcome would be something like Apple and Tim Cook. A bad one would be Microsoft and Ballmer, it will take a while to see which type this ends up being. Either way losing Bezos as CEO is a bummer.
I don't like the press release, it keeps repeating Amazon every sentence. It's a tiring read, much Like Andy Warhol's repeating patterns. That alone pretty much says a lot about the current Jeff Bezos.
The takeover of tech by MBAs continues. It has now happened at the top 4 largest tech companies in the US. We will have Apple (Tim Cook), Amazon (Andy Jassy), Alphabet (Sundar Pichai), Microsoft (Satya Nadella & Steve Ballmer) all taking over from non-MBA founders. Facebook is next in size and has Sheryl Sandberg as COO but don't know if Mark Zuckerberg would ever hand over the reins. Why don't non-MBAs manage to get…
Errr...both Sundar and Satya were software engineers first?
The takeover of tech by MBAs continues. It has now happened at the top 4 largest tech companies in the US. We will have Apple (Tim Cook), Amazon (Andy Jassy), Alphabet (Sundar Pichai), Microsoft (Satya Nadella & Steve Ballmer) all taking over from non-MBA founders. Facebook is next in size and has Sheryl Sandberg as COO but don't know if Mark Zuckerberg would ever hand over the reins. Why don't non-MBAs manage to get…
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> Corporations should never be allowed to get this large. Why? Bonus question: Why should governments be allowed to get that big?
Let's start with the premise that "representative government is the union of the people" and "profit motive is not always the best incentive for action in society", and go from there.
From https://www.aboutamazon.com/news/company-news/email-from-jef... >Fellow Amazonians: >I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be a…
For comparison, using national total wealth, that makes Amazon worth more than Saudia Arabia, Denmark, Portugal, or New Zealand. It's $280.5 billion in revenue in 2019 put it above the GDP of Romania, Peru, Ukraine, etc. Corporations should never be allowed to get this large.