This past Tuesday, Jeff Bezos announced to his employees, and the world, that he is planning to step down as CEO of Amazon. Towards the end of the summer, he’ll relinquish his position and assume the role of Amazon’s Executive Chair, which still allows him control without the huge time commitment. Apparently, he wants more time on his hands to spend on his other ventures, like Blue Origin and the Bezos Earth Fund.
If you haven’t heard, Blue Origin is basically Amazon’s version of Tesla’s SpaceX. While both have been making significant strides toward commercial space flight, Blue Origin is losing in this so-called race with SpaceX. However, that might change in the coming years, now that Bezos will be spending more time (and money) on his space flight company.
When I saw the news that Bezos was stepping down to work on his other projects, it reminded me how much that guy does. Like, even as of right now, he’s CEO of Amazon and The Washington Post, while owning Whole Foods, Twitch, Blue Origin and portions of 20+ other companies. How does he manage all that? I think it’s absolutely wild that he can sustainably handle that many companies while keeping them successful too. It just goes to show the potential of what a single human, like any one of us, can achieve in a single life time. And Bezos isn't nearly done yet.
I read about this. It's actually pretty smart; he realizes he can make his company grow even more with a new CEO with fresh ideas. It takes a lot to step down, but if he feels that he can no longer contribute, it is very noble of him to pass it on.
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