What you think? How will stock react?
Stock markets like stability, they were unsure what Jeff was going to do in next 5 years. This adds short term confusion but long term stability to AMZN
I hope he improves the pip culture and brand a bit.
Pip?
Is AWS any better? I read just as many bad things there
Daddy Bezos will always be the leader
Papa Bezos keeps his children fed.
More like papa bezos feeds on his children.
Jefe looks too much like Dr evil to be liked
He will still have say in all the decisions prior to getting on vote
He will steal tips as well
Stock market accepted new CEO within minutes
Barrreeeely
We will see how that goes in the months to come by
Is amazon a day 2 company now?
What does that mean?
Bezos pushed the idea that they are a "day 1" company to try and keep the corporate culture in a growth/scrappy mindset. A day 2 company would essentially be losing that edge as it has become more mature and less innovative. Mostly I'm just shitposting though.
No more PiPs ? Or I’m dreaming
Many millionaires were minted on the back of those PIPs. They won't change it because money.
Why do we want to get rid of a tool that is useful? Get rid of shitty managers and directors that abuse it.
Sometimes all you need is a new leader!
To be clear, Jeff B has been operating as Executive Chairman for the last few years. He used to be significantly more engaged in deep diving and auditing and sending his famous '?' emails than he had been in recent times. So this is just a formalization of what has already happened, and we knew it was going to be Jassy when Wilke announced his retirement.