According to Jeff Bezos who incorporated the 27-year-old Amazon on July 5 — the same date is scheduled for Andy Jassy to succeed as the current chief executive of the behemoth technology and retail outlet, Amazon.com Inc.
During Bezos’ last meeting as chief executive, he confirmed that Jassy has been responsive with serving the company overtime. “Andy is well known inside the company, and has been at Amazon almost as long as I have, Andy will never let the universe make us typical.”
AWS reportedly achieved more profits with less labor. Still, Jassy accomplished all this without being contradictory to regulators’ policies. As expected, Amazon’s successor should be prepared to withstand pesty probes from federal regulators.
Amazon recently acquired a Hollywood studio, Metro-Goldwyn-Mayer, MGM, for billions of cash. Bezos’ disclosed that Jassy helped the company in sealing the deal — the expected outcome should boost Amazon’s Prime integration with MGM to bolster Amazon’s streaming program with high-quality movies.
During the meeting, Bezos guarantees the shareholders that “none of these ideas are guaranteed to work, The only way to get above-average returns is to take risks, and many of them will not fail.” Per Bezos comments, reassuring his investors with optimism towards achieving more innovative experience with aggressive continuation from the previous administration — with Andy Jassy as CEO.
Bezos’ addressed every concerned question based on the change of management — especially regulators probing Amazon for allegedly practicing monopoly. “We recognize that with success comes scrutiny and we welcome it. Our goals are in line with our competition, low prices, wide selection, convenience, and ever-improving innovation.” Still, Jassy did not contribute during the meeting.
Meanwhile, Amazon shareholders are also concerned about hiring an autonomous representative as the Amazonian Chairman, rather than retain Jeff Bezos as the chairman. In the meeting hall, the majority of shareholders agreed to employ another autonomous auditor to investigate Amazon’s fiscal record while Bezos was active, according to business protocols.
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