Amazon CEO Jeff Bezos Uses Exit Door, Now Executive Chairman

The outgoing CEO of Amazon Inc. Jeff Bezos has yesterday singlehandedly resigned his position after about twenty-seven years of the establishment. Jeff Bezos has a formulation about one-way doors and two-way doors—decisions that are irreversible and permanent and those that can always be unwound. Stepping through what’s almost certainly a one-way door on Tuesday, Bezos said he will resign as chief executive officer of Amazon.com Inc. and become executive chairman later this year.

He will hand day-to-day control to Andy Jassy, his longtime head of Amazon Web Services, a swiftly growing division that has almost singlehandedly changed the way companies buy the technology that powers their businesses.

Jeff Bezos has been a recurring character in the pages for Forbes since the days when he was a scrappy entrepreneur in the crosshairs of Barnes & Noble to a net worth of $196 billion.

Bezos’s decision to step down also reflects an uncomfortable reality for one of the wealthiest people in the world: The walls of his highly compartmentalized empire have been crumbling for some time. It’s becoming increasingly difficult to be Jeff Bezos (at least by Bezos’s standards). He presides over a collection of properties that spans not only Amazon but The Washington Post, several philanthropies and a space company, Blue Origin LLC, that lags far behind its chief rival, Elon Musk’s Space Exploration Technologies Corp.

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In his words Bezos said, “I’ve never had more energy, and this isn’t about retiring”

Andy Jassy - Amazon new CEO - NG Times
Andy Jassy, new Amazon.com Inc CEO Credit: Bloomberg

The Blue Origin website proclaims, “We are not in a race, and there will be many players in this human endeavor to go to space.” But of course, practically everyone in the space industry, including those at SpaceX and even at Blue Origin, recognizes that Musk is flying literal circles around Bezos. SpaceX regularly flies into orbit and to the International Space Station and just announced plans to take paying civilians into orbit. In his email to Amazon employees on Tuesday, Bezos said stepping down will give him more time to focus on “other passions,” including Blue Origin.

This move could well me he now derives passion for the “Blue Origin” his Space company which will likely allow him to challenge his rival Elon Musk in that tech space.

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