When Chinese e-commerce company Pinduoduo announced on Wednesday that it had reached 788.4 million active users, surpassing Alibaba’s 779 million and Amazon’s 300 million, its founder and chairman, Colin Huang, revealed he’d beForbes’Rarely is stepping down easy for a chief executive, but it can be especially challenging for those who are employee No. 1.
For evidence of this trend, look no further than one of the most notable founder-CEO resignations of the year so far: Amazon’s billionaire Jeff Bezos. In February, he announced plans to step down as chief executive of the e-commerce giant he launched from his Seattle garage in 1994. Bezos, whoestimates is worth $178.1 billion, will be taking on the role of executive chair, while Amazon Web Services CEO Andy Jassy succeeds him.
“It might be a time for a change. It might be that the CEO says, ‘You know what, I'm going to see it through to stability but then I'm done,’” Stevenson says. “I think everybody’s been holding on in a lot of ways for a year.” in an exclusive interview last month. “I think that especially with Covid-19 happening, we were at a juncture as an organization. And in many ways, that is the right time for leadership change.” A time of crisis can shine a light on the importance of succession planning, especially for founder-CEOs, who have both a professional and personal stake in their companies. For this reason, Stevenson says they tend to tap successors from within.
El pelao garay
Good for them ! Maybe they will have time to help more like the Gates family does !
Of course after making damn much dough.
Thought this was Voldemort at first glance
Ok Voldemort
retweet
Looks like a dick with ears
Boso is not a leader..... he is ego & greed, like Gates & Soros
That's the least they could do.
African business leaders should emulate this
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Stepdown yu say... They've all really worked hard. They deserve Rest.
wow