Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon's biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. The company defeated an attempt by workers to unionize at an Alabama warehouse earlier this year, but faces a more formidable challenge as the International Brotherhood of Teamsters launches a broader effort to unionize Amazon workers. First up, the richest man in the world by Forbes' estimate will fulfill his childhood dream of traveling to space.

Source: Hindustan Times July 06, 2021 06:56 UTC