Read Jeff Bezos' letter to Amazon staff announcing CEO exit - Business Insider

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Read the letter Amazon CEO Jeff Bezos wrote to his 1.3 million employees announcing he's stepping down

written to his"fellow Amazonians," Bezos said he would transition to executive chair of the company's board of directors and will focus on"new products and early initiatives." Bezos said his duties will also include devoting time and energy to the Day 1 Fund, the Bezos Earth Fund, Blue Origin, and The Washington Post.

Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world. As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it's working. Other large companies are coming our way. I hope you're proud of that as well.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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Hope he eats crow

I like the paragraph where he outlines his parting gifts

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