Amazon founder Jeff Bezos has announced he will step down as CEO and move into a new role as executive chairman later this year, giving up the reins after nearly three decades during which he grew Amazon from an online book retailer into a sprawling business empire and became one of the world’s richest people in the process.
Andy Jassy, the head of the company’s cloud computing division, is set to take over the top job, but Bezos will continue to be the largest Amazon shareholder and remain on the board of directors. The news comes as calls continue to mount for lawmakers to break up Amazon and other tech giants.
“There’s no reason to think anything is going to change at Amazon because Bezos has taken this new role,” says Robert Weissman, president of the consumer advocacy group Public Citizen. “Neither the economy nor our democracy can really function properly with fairness if Amazon is able to maintain its massive concentration of wealth and power.”
Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González.
Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues.
On DN!, you’ll hear a diversity of voices speaking for themselves, providing a unique and sometimes provocative perspective on global events.
Missed an episode? Check out DN on FSTV VOD anytime or visit the show page for the latest clips.
#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change.
#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling, and online at freespeech.org.
Sign up for Our Newsletter
Get updates about the policies and topics that matter the most to you. Progressive news directly to your email.