Musk, Tata, Mittal & Amazon on one side, Ambani on other for satellite spectrum.As homelessness became an all-consuming issue in Amazon's hometown, Jassy quietly joined the company's local city council member in walking the city during the one-night count designed to tally the scale of the crisis, Bloomberg reports. He has long devoted time to a Seattle non-profit that helps low-income students get into top schools. He has shown a passion for social and philanthropic issues. Jassy has occasionally spoken out on social issues, tweeting about the need for police accountability after Breonna Taylor, a Black woman, was killed in her home by white policemen during a botched raid, and in favor of LGBTQ+ rights. Reportedly, the company now owns almost half the world’s public cloud infrastructure market and boasts a dominant 30 per cent market share of the cloud computing market. His base compensation was $175,000 while he was the CEO of AWS in 2020.ĪWS has now grown into a cloud platform used by millions that dominates legacy players like Oracle and Microsoft. He is said to have stocks over $30 million at Amazon. Amazon said it was not announcing an AWS replacement for Jassy yet. AWS is a cloud hosting product that creates the infrastructure used by millions of companies, schools, and governments to run websites and apps. In 2003, Jassy went on to found Amazon Web Services, or AWS, the cloud services division of the company which has been one of the most profitable but least-known units of the tech giant.
“No, I didn’t know what my job was going to be, or what my title was going to be,” he added. “I took my last final exam at HBS, the first Friday of May in 1997, and I started Amazon next Monday,” Jassy said in a Harvard Business School podcast in September, The Guardian reports. Jassy joined Amazon as a marketing manager in 1997, soon after completing Harvard Business School.
WHO WILL SUCCEED ANDY JASSY FULL
"Jassy will be an outstanding leader, and he has my full confidence," the Amazon founder noted in his letter. Jassy is well known inside the company and has been at Amazon almost as long as Bezos has. Jassy, who cuts a low profile outside of the world of cloud computing, has some big shoes to fill in. "Being the CEO of Amazon is a deep responsibility, it's consuming and with that responsibility, it is hard to give attention on anything else," said Bezos in his letter to Amazonians.
Jassy will become CEO as Bezos, 57, will transition to the role of Executive Chair in the third quarter of this year. In 2016 alone, Jassy earned over $36 million while Bezos made about $1.7 million in total, according to CNBC.Amazon founder Jeff Bezos on Tuesday announced his decision to step down as the chief executive of the world's largest online retailer, handing over the reins to Andy Jassy, currently the head of Amazon's lucrative cloud sector Amazon Web Services (AWS).
He has raked in a total of more than $20 million within the past three years. In his letter to staff announcing his exit as CEO, Bezos said Jassy will be an "outstanding leader." Jassy is one of the highest-paid executives at Amazon. Jassy served as a so-called "shadow" advisor to Bezos at one point, joining the chief executive in high-level meetings. Analyst Dan Ives described him to Insider in a previous interview as "one of the most powerful leaders not just within the cloud and tech sector but in the world of business." Jassy is a close confidant of Bezos. The 53-year-old built AWS from the ground up within the past two decades and became CEO of the cloud platform in 2016. Jassy joined Amazon in 1997, the same year the company went public. Jassy has been at Amazon for about as long as Bezos, 24 years to be exact. Here are 5 things to know about the new CEO, based on what over a dozen current and former employees told Insider in interviews published in January. Account icon An icon in the shape of a person's head and shoulders.
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