More Than Half Amazon Professionals Think Andy Jassy As CEO Is A Good Decision

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More Than Half Amazon Professionals Think Andy Jassy As CEO Is A Good Decision
<a href="https://pixabay.com/users/kirstyfields/">kirstyfields</a> / Pixabay

Yesterday, Amazon founder and CEO Jeff Bezos announced that in Q3 of this year, he will transition to executive chairman of the company’s board. Amazon Web Services chief Andy Jassy will take the CEO spot.

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Professionals Share Their Thoughts About Andy Jassy As New CEO of Amazon

On Blind, the largest anonymous professional network, an Amazon employee posted on the platform “Andy Jassy as new CEO of Amazon!! What you think?”

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Key learnings from 6,100 professionals

  • Overall, 42% of professionals in the tech industry think it was a “good decision”
    • Of the 1,598 Amazon professionals that responded, 51% think it was a “good decision”
      • Only 7% of Amazon professionals think it was a “bad decision”
      • The reaming 42% are simply “waiting and watching” to see how this pans out

Andy Jassy

Comments From Professionals

An Amazon employee responded to the poll saying “Stock market accepted new CEO within minutes”

A different Amazon employee commented “Great move, Amazon's Satya”

A Facebook employee commented “Will keep an eye on Amazon now for potential new employment”

A Linkedin employee commented “This could potentially turn out to be great for AMZN. From the earnings call they mentioned Jeff will be engaged in one way decisions, business strategy, entering new markets. These are all the things he is bloody exceptionally good at. 3-4 hours of his daily time exclusively focusing on these things is orders of magnitude better than him having to spend a lot of time dealing with day to day responsibilities of being a CEO. I may be in the minority but under this new structure, I actually expect Amazon to be even more lethal than what it is now.”

When people thought Amazon was building "Earth’s Biggest Bookstore," it was actually building "The Everything Store." As for Jassy, he's been at Amazon since 1997 and built AWS from a minor offshoot of Amazon's e-comm operations to a cloud computing leader.

It seems like this CEO transition is overwhelmingly well received by Amazon employees and their peers within the tech industry.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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