Amazon CEO Andy Jassy: This Is How You Earn Employees’ Trust | Entrepreneur

July 30, 2024July 29, 2024 ~ knjohn ~ Leave a comment

Amazon CEO Andy Jassy recently spoke in a company video about the successful principles of good leaders.

Jassy said that one important principle is earning trust from your employees — but not in the way that people might think.

“They sometimes confuse it with being nice to one another or having social cohesion or not challenging each other in meetings. That’s not what we mean,” Jassy said. “What we mean is being honest, authentic, straightforward, listening intently but challenging respectfully if you disagree, and then delivering what you said you would.

Jassy added that, if you want to earn trust, you have to deliver news to employees, good or bad.

Jeff Bezos will step down as Amazon CEO on July 5 | CNN

May 27, 2021May 26, 2021 ~ knjohn ~ Leave a comment

Amazon founder Jeff Bezos will officially step down from his role as chief executive on July 5, he announced during the company’s annual shareholder meeting Wednesday.

Bezos will hand the reins to Andy Jassy, who currently runs Amazon Web Services, after a nearly three-decade run leading the internet giant that made him one of the richest people in the world. Bezos will become Amazon’s executive chair.

The company first announced the leadership change as part of its February earnings report, saying Jassy would take over during the fiscal third quarter. Amazon (AMZN) had not previously shared the precise date of the transition.

How Amazon’s New CEO Andy Jassy Could Impact Small Businesses | Inc.com

February 8, 2021February 7, 2021 ~ knjohn ~ Leave a comment

Andy Jassy will be leading Amazon through a pivotal period when he takes the e-commerce giant’s helm from founder and CEO Jeff Bezos this summer. On the one hand, the pandemic has further expanded Amazon’s impact on consumers, businesses, and governments. It’s little wonder that the company ended the fourth quarter of 2020 with more than $125 billion in sales, its biggest quarter ever.

At the same time, Amazon is facing unprecedented scrutiny, including in regard to how its actions affect small businesses and third-party sellers on its platform. The company is facing multiple antitrust lawsuits and may face more regulatory action this year in the U.S. and the E.U. How Jassy handles it will have important consequences for small businesses trying to compete with Amazon. And regardless of the outcome, his selection as CEO will also influence the fortunes of private companies hoping to get acquired by Amazon, as well as those that rely on it for their sales.