Business
Is it time to sell Amazon shares because the CEO, Jeff Bezos, has quit?
You’ve probably heard by now that Amazon.com Inc (NASDAQ: AMZN) CEO Jeff Bezos is stepping back from his role running the company.
He’s been doing it for a long time, and apparently wants to focus on championing innovation in the company as its executive chair, letting incoming CEO Andy Jassy take the company’s reins.
Now, I’m an Amazon shareholder. I’ve known this day would come, at some point, but was hoping it was still a decade or so away (Bezos has run Amazon since 1996, but he’s still only 57).
See, Bezos is one out of the box. He — with help from others, of course — conceived of Amazon, then built and ran it for the last 25 years, turning it into the poster child for e-commerce, while also creating a highly…
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