Amazon.com Inc. chief Andy Jassy in an interview at the Bloomberg Technology Summit in San Francisco, acknowledged its consumer chief departure and continued investments in risky bets like autonomous vehicles, video streaming, and internet satellites amid odds. Clark Dave wanted a different gig at this point, Jassy said. Dave was instrumental in building Amazon’s massive warehousing and logistics network,…
Amazon Chief Addresses Consumer Chief Exit, Risky Bets, Streaming Business, Union, and More
US Commission Asks Amazon to Support a Whistleblower Who Exposed Abuse at Supplier’s Chinese Factory
A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. retail giant to support a Chinese whistleblower, who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…
US Commission Asks Amazon to Support Whistleblower Who Exposed Abuse at Supplier’s Chinese Factory
A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. e-commerce giant to support a Chinese whistleblower who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…
Amazon to Grant New CEO Jassy Over $200 Million in Stock
Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing said. That’s the date Jassy succeeds Jeff Bezos in…
New Amazon CEO: From Life in the Cloud to Running One of the World’s Biggest Firms
Amazon’s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. “You want to be reinventing when you are healthy, you want to be reinventing all the time,” Jassy, 53, said in December at a company forum. “You…
Bezos to Give Amazon Reins to Cloud Boss Jassy as Sales Rocket Past $100 Billion
Amazon founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of the company’s transformation from web retailer to Internet conglomerate. This summer, Bezos, 57, will hand the keys of the world’s largest online retailer to Andy Jassy, head…
Amazon Founder Jeff Bezos to Step Down as CEO
NEW YORK—Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he’s had since he founded the company nearly 30 years ago. Amazon said he’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud business. Bezos will then become the company’s executive chairman. Bezos founded Amazon…
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- Mimi Nguyen LyThe U.S. Department of State on Monday said that independent investigators couldn’t clearly conclude the origin of the bullet that killed Al-Jazeera journalist Shireen Abu Akleh. The 51-year-old reporter for Al-Jazeera’s Arabic language channel died… [...]
- The Associated PressCHARLESTON, W.Va.—A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81… [...]
- Mimi Nguyen LyTwo police officers sustained injuries after they were shot in Philadelphia, Pennsylvania, during fireworks to celebrate the fourth of July, according to reports. The officers were sent to the Jefferson University… [...]
- The Associated PressRICHMOND, Va.—Amber Heard’s lawyers have asked a judge to throw out the $10.35 million verdict against her in the defamation case filed by ex-husband Johnny Depp, arguing that the verdict… [...]
- Masooma HaqNBA free agent Enes Kanter Freedom recently launched the Enes Kanter Freedom Foundation to help fight for religious liberty and human rights around the world. Freedom said it’s time to take… [...]
- Mimi Nguyen LyThe U.S. Coast Guard has rescued seven people after their vessel was struck by lightning off Florida. The incident took place about 100 miles offshore of Clearwater, Pinellas County. A four-person aircrew… [...]
- Caden PearsonCalifornia Gov. Gavin Newsom has granted a pardon to Sara Kruzan who spent 18 years in prison for murdering the man who trafficked her for sex as a teen. In… [...]
- Daniel Y. TengAustralia’s Foreign Minister Penny Wong has reaffirmed the country’s commitment to nuclear non-proliferation after a meeting with the head of the International Atomic Energy Agency (IAEA) on July 4. Rafael… [...]
- Gary BaiThe U.S.-Mexico border has become the world’s “deadliest” land crossing, according to data recently brought to light by a United Nations study. A historic high of 728 recorded immigrant deaths… [...]
- Bill PanThe City of Orlando, Florida, has apologized for its official message about the July 4 holiday that questioned why people would want to celebrate it at all. “A lot of people… [...]