on Tuesday that its founder and CEO Jeff Bezos is stepping down later this year, moving into a new role as executive chairman.While the news came as a shocker, Amazon CFO Brian Olsavsky tried to minimize the impact of the surprise move during the earnings call with analysts late Tuesday, stressing that the change was part of a long-term succession plan that keeps Bezos engaged in the company's most important decisions.
In his new role as executive chairman, Bezos will still be heavily involved when it comes to Amazon's key strategic moves, Olsavsky said. That means Bezos will help deal with what's internally called"one-way door issues," he said — or"Type 1 decisions," as Bezos described in his, which are big decisions that are hard to reverse, such as major acquisitions or moves to get into the grocery market.
Yeah being an inmate at Gitmo
Yes and a good thing!