Alexa, play "In My Life" by The Beatles... Jeff Bezos is feeling post-Prime Day nostalgia. Yesterday, Amazon's founder officially stepped down as CEO after 27 years at the helm. The 'Zon has come a long way since 1995, when Bezos sold the site's first book from his Seattle garage. Bezos had left a cushy hedge fund job to take a risk on his ecomm idea, saying "Even if I fail, I would not have any regrets." Spoiler: he didn't fail.
Special delivery... CEO onboarding packet, coming in bulky. Jassy is inheriting an ecomm and cloud leader with side-hustles in hardware, grocery, advertising, healthcare, streaming, and Hollywood (see: MGM acquisition).
Bezos' focus was blistering growth... Jassy's focus might be corporate responsibility. Amazon's 14 corporate principles include: "deliver results," "bias for action," and "customer obsession." A few days before Jassy took over, Amazon renamed them Leadership Principles and added two: “Strive to be Earth’s Best Employer,” and “Success and Scale Bring Broad Responsibility.” They're reactions to criticism Amazon has received over the years — but they're also Bezo's parting words to Jassy, to tee up Amazon's next chapter.