Jeff Bezos is stepping down as Amazon CEO |

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welcome back amazon founder and ceo jeff bezos has announced he’s stepping down basis will instead take on a brand-new capacity as ministerial chair of the company’s board chief business and fiscal reporter rebecca jarvis has the details on what’s next for bezos and who’s taking the reins this morning a major shakeup at one of the stronger firms in the world jeff bezos founder of amazon announcing he’s stepping down writing in a letter to employees as much as i still tap dance into the office i’m energized about this change the man who started amazon in 1994 construct it from an online bookstore into a world giant worth more than 1.6 trillion dollars modifying the practice we patronize flow and get our transmissions announcing he’ll leave his role as ceo last-minute this year bezos writing that 27 years ago when amazon was only an idea and it had no name the question i was asked most frequently at the time was what’s the internet trying to find a commodity that really matched the internet technology that was really the key his footpath to success starting with his summer job at mcdonald’s when he was 16 where he says he learned how to work under pressure and the value of being a good manager amazon has prepared bezos one of the wealthiest parties on the planet worth an estimated 196.4 billion dollars there are more than one million amazon employees four hundred thousand who joined the company just last year in the pandemic as business boomed bezos no stranger to constituting headlines for his personal life his 2019 divorce from his wife of 25 years mackenzie scott procreating her one of the richest women in the world now as bezos prepares to start a new section he’s overstepping the baton to long-time amazon employee andy jassy known for building amazon web business as he steps into his own new character as manager chair of the board and rebecca jarvis attaches me now for more rebecca amazon stretched from this startup in a garage to this online retail heavyweight so what is bezos bequest at this pitch i intend if you think about it diane his bequest is incredible he’s changed so much better about our lives the fact that we can get an item delivered to our dwelling within the span of a few cases hours sometimes even a few minutes the idea that you can go online with one click and acquire everything you were able to need or crave under the sun all of these devices in people’s homes the alexas hopefully i haven’t spoken to any of them and turned them on simply by saying that word but current realities is he’s changed everything there is for us his bequest is incredible and this idea that he started the whole thing 27 years ago at a time when people didn’t really know what the internet even was a lot of parties understood what amazon started out as is just this online bookseller and it was to their uh to their downfall if they were just perceiving it that way in fact it’s part of why you recognize amazon as it is today versus ebay what it is back back when amazon started ebay was the main activity now you think about the two companies one is worth trillions and the other is billions and what’s next for bezos now in this new role as ministerial chair well you know when you’re a founder ceo it’s kind of like a inn california you can never genuinely leave that character and we’ve seen this many times before he will still have an impact on amazon but he won’t be running the day-to-day the activities and he wrote in this note to employees yesterday about the role of amazon ceo it is all consuming he wants to take time to focus on things like his philanthropy space travel and the washington post which as you know he bought a few years ago that will be the primary objective of his time going forward but of course you can imagine this last year the pandemic he’s played a incredible persona in reorganizing amazon making sure that employees and the company are built for a moment like this and they have certainly profited on this moment as so many people have turned to amazon in need of home gives during the course of its pandemic diane and really quickly any big changes expected under the brand-new ceo andy jassy unlikely in the near term he’s been with the company almost as long as bezos the final thought here is that he will have regulatory things to have to think about that is more a part of the conversation today than it was five years ago and that may also be part of why bezos is stepping aside now to give someone else the opportunity to deal with that part of the whole situation opportunity to deal with it that’s a good way to place it rebecca jarvis thank you and a few more things to know before you go president joe biden and first lady dr jill biden paid their respects to officer brian siknik last-place nighttime siknik who died from his injuries attacking the capital from rioters is lying in honour at the capitol rotunda talker nancy pelosi and senate majority supervisor chuck schumer also paid their respects sicknik is the third capitol police officer to lie in honor at the capitol a congressional eulogy will take place this morning the producers of jeopardy have announced a new round of client multitudes anderson cooper dr oz savannah gupty and dr sanjay gupta will all take a turn hosting the game show and celebrating alex trebek’s gift exec farmer mike richards said donations will be made to a benevolence of each patron host’s choosing and finally the groundhog period theatre stimulating headlines after staten island chuck prophesied an early springtime the brand-new york pole reports brand-new york staten island zoo pre-recorded chuck’s groundhog epoch prophecy and while the zoo should not spawn that clear to viewers you can see chuck’s prediction was prepared on a beautiful sunny day well groundhog date here in the city wreaked the biggest snow storm in years furiou witness have commented on social media one writing how do you forgery a groundhog prediction regrettably punxsutawney phil who started his projection live on groundhog day he’s forecasting six more weeks and that does it for this abc news live update i’m diane macedo thanks for joining us and remember abc news live is here for you the working day with the latest news context and analysis we’ll see you back here at 11 a.m eastern with a brand-new update take care

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