Jul 5, 2021

The philosophy behind Jeff Bezos' Amazon success

Bezos steps down from Amazon on Monday - exactly 27 years after he founded it. Last month, a bombshell article from ProPublica claimed to have seen Bezos' tax returns - and alleged Mr Bezos paid no tax in 2007 and 2011. Amazon Web Services, the astoundingly successful cloud computing service, on the face of it didn't have much to do with Amazon's core business: e-commerce. Bezos backed the idea, giving his trusted employee Andy Jassy the freedom, and capital, to go about creating a company within a company. Bezos views Jassy as an entrepreneur, not just a manager - a key part of why he will take over as Bezos' successor.

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