Posted on 02/04/2021 7:53:43 AM PST by SeekAndFind
On Tuesday, Jeff Bezos was forced out as Amazon's CEO. (In corporate slang, he was "kicked upstairs.") Amazon's Board of Directors may have had enough of him furthering leftist causes at stockholders' expense. The decision to shut down Parler on his watch chased away some future customers from Amazon's web hosting services and caused some conservatives to stop buying from Amazon, although his successor is the executive who gave the actual order. More worrying to the financial community, it opened Amazon to lawsuits and government regulation. Morningstar.com, a financial website, reports:
The leadership transition at Amazon will take place as it grapples with unprecedented scrutiny.
The company is currently the subject of probes from the Justice Department, the Federal Trade Commission, the European Union and other governing agencies about whether it participates in anticompetitive practices.
A few days ago, Forbes.com discussed Bezos's commitment of $2 billion of Amazon's money toward fighting climate change:
After facing criticism about its environmental record in recent years, Amazon is launching a new $2 billion venture capital fund — as part of its "Climate Pledge" announced last September — that will invest in clean energy and other technologies to reduce the impact of climate change, The Wall Street Journal first reported.
In May, Bezos created a palatial homeless shelter in one of Amazon's office buildings in downtown Seattle:
Amazon partnered with nonprofit organization Mary's Place to open the Mary's Place Family Center in The Regrade. The family shelter was built inside one of Amazon's office buildings. The facility is kept separate from Amazon offices through private entrances and acoustical isolation. The family shelter is an eight-floor, 63,000-square-foot facility.
The space has a large dining room, an industrial kitchen with commercial cooking equipment, office space for Amazon's legal team to provide support to shelter residents,
(Excerpt) Read more at americanthinker.com ...
bkmk
Walmart is for real. The board figured that out.
Trump supporters will no long be welcome at Amazon ?
Bttt
Interesting... not sure if I believe it though...
Do we have any evidence that this was the dynamic? Hard to imagine the Biden admin won’t close down all investigations on them anyway.
I don’t believe he was “forced out”. He has entirely too much control at Amazon for that to happen. This was HIS decision.
Get Woke, get fired. :)
*cough* *cough* Bullsh*t. Whoever wrote this is dreaming.
This thing may be PR to stop the organic boycott by non-leftists like you and me.
If the Board actually gave a crap about chasing away some future customers from Amazon’s web hosting services, causing some conservatives to stop buying from Amazon, and opening Amazon to lawsuits and government regulation, why would they promote the man, Andy Jassy, who took the action that is causing all these current and potential future problems?
Dunno. But part of the reason Bezos was ‘promoted’ was apparently for kicking Parler off the Amazon servers so there might be some hope.
Walmart has had people living in the store before Bezos’ homeless facilities.
I’ll call BS on this. Bezos sees that the company has reached the top of its numbers- likely due to the parler decision, and is getting out while the numbers are so high. If they were removing him as CEO it would be very unlikely that he remained as Executive Chair.
The Parler decision is indeed troubling. Not just from the freedom of speech perspective, but from the perspective of ANY business considering the use of AWS as a cloud service- how can you risk putting your business on a platform that can and will dump you because their cry-baby employees may take a disliking for you or the business you run?
Since Parler was doing nothing that was illegal (unlike Twitter, who willingly hosts child-porn) to me, this completely breaks from acceptable business practices. Especially since Amazon didn’t give Parler something like 90 days to move- they just cut them off in 3 days. Imagine being in the position and having your largest revenue stream revoked without even an opportunity to rectify the situation in some manner. Suddenly your business collapses... and you have no real recourse because even if you sue them for it, they have vastly more money and the time it takes to get through the courts would still result in the ruination of your business. I would at no time in the future place my business infrastructure on AWS and am considering removing what i have on it from Azure, too.
Word on the street from long ago was that his wife MacKenzie was the brains of the duo. Once they divorced, Jeff Bezos didn't bring much to the table.
“organic boycott”? Really? Their Q4 sales topped $100B. First time ever. They knocked it out of the park on every financial measure. Boycott? Ha. I wish someone would boycott MY company like that.
BALONEY.
Bezo’s is in complete control of Amazon.
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