Global retailer Amazon confirmed Tuesday that billionaire Jeff Bezos will be stepping down from his role as CEO from the company he transformed into one of the most successful corporations in history.
“Bezos will transition out of his role in the third quarter of 2021, the company said while announcing its quarterly earning report from the end of last year,” reports The Hill.
BREAKING: Amazon says Jeff Bezos will step down as CEO of the company he founded nearly 30 years ago. https://t.co/t9ePARMY1H
— The Associated Press (@AP) February 2, 2021
— The Hill (@thehill) February 2, 2021
Jeff Bezos will transition into the role of executive chair as Andy Jassy takes over as CEO. The Amazon founder wrote to employees: "In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives"https://t.co/wbYUnjUlXC
— The Hollywood Reporter (@THR) February 2, 2021
This is a developing story. Check back for updates.
AMAZON STRIKES BACK: Bezos Accuses Bernie of ‘MISLEADING’ Americans on Work Conditions
Online retail giant Amazon fired-back at Vermont Senator Bernie Sanders this week; making a are political statement that accused the Democratic Socialist of “misleading” the American people with “inaccurate” information.
Amazon posted the scathing statement on social media after Sanders slammed CEO Jeff Bezos for difficult working conditions and low-wages at distribution centers across the country; claiming employees were sleeping in cars and receiving government assistance.
“Senator Sanders continues to make inaccurate and misleading accusations against Amazon,” said a post on Amazon’s website. “We have been in regular contact with his office and have offered several opportunities for Senator Sanders and his team to tour one of our fulfillment centers (FCs). To date he has still not seen an FC for himself.”
“Instead, Senator Sanders continues to spread misleading statements about pay and benefits. Amazon is proud to have created over 130,000 new jobs last year alone. In the U.S., the average hourly wage for a full-time associate in our fulfillment centers, including cash, stock, and incentive bonuses, is over $15/hour before overtime,” adds the statement.
Read Amazon’s full response here.
BERNIE VS BEZOS: Sanders Says Amazon Workers’ ‘RIGHTS’ Go Beyond the ‘Minimum Wage’
Vermont Senator Bernie Sanders escalated his war-of-words with Amazon CEO Jeff Bezos Monday; saying the technology giant must “recognize” that “workers’ rights don’t stop at the minimum wage.”
“Amazon must recognize that workers’ rights don’t stop at the minimum wage. Amazon must significantly improve working conditions at its warehouses and respect the constitutional right of its employees to form a union and bargain collectively for a better life,” posted Sanders on social media.
Amazon must recognize that workers' rights don't stop at the minimum wage.
Amazon must significantly improve working conditions at its warehouses and respect the constitutional right of its employees to form a union and bargain collectively for a better life. https://t.co/Mds9hfbwU3
— Bernie Sanders (@SenSanders) March 11, 2019
Amazon made national headlines last week when Whole Foods -owned by the media corporation- confirmed they would be reducing workers’ hours after the chain was forced to raise the minimum wage to $15 an hour for all employees.