Friday 9 July 2021

Jeff Bezos Steps Down As Amazon Boss

 
Bezos steps down from Amazon on Monday - exactly 27 years after he founded it. In that time he has developed a series of unusual leadership principles - which some argue are the backbone of his success. Others believe they speak to everything that is wrong with Big Tech. Talk to anyone who's ever worked at Amazon, and you don't have to wait long before you hear the phrase "customer obsession".  Jeff Bezos is a business visionary - a man with singular focus who has created a legendary work philosophy and a company worth almost $1.8trn (£1.3tn). Bezos likes small teams. He has a rule to keep meetings productive: make sure you can feed the whole group with two pizzas. He hates PowerPoint presentations, preferring instead written memos for executives to discuss. To avoid dominant personalities having too much sway, he'll sometimes go round each person at a meeting, asking how they feel about a question. But like him or loathe him, Bezos has proved an extremely bright and able leader - someone who has changed the way companies around the world operate. His plan is to now focus on other projects, like his space exploration company Blue Origin, but will remain the e-commerce company’s executive chairman and largest shareholder.