AP Photo: Amazon CEO Jeff Bezos. (Headline USA) Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company uses its monopoly power to crush locally owned businesses during the coronavirus mania.
Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February.
Bezos, Amazon’s biggest shareholder with a stake worth about $180 billion, will still hold sway over the company. He takes over the role of executive chair, with plans to focus on new products and initiatives.Jassy takes the helm of a $1.7 trillion company that benefited greatly from […]
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