The amazing thing about Andy Jassy, who transformed Amazon from an e-commerce company to a highly profitable tech company with his hard work and dedication over the last 15 years, was that he not only created a new niche in the cloud infrastructure market. Created but also gained dominance over it. She is like Andy, who is going to occupy the position of CEO of Amazon, America’s third most valuable company after Apple and Microsoft. Jassy will be the second CEO in the company’s 27-year history and will succeed Jeff Bezos.
53-year-old Jessie has been a part of Bezos’s very special group, which is called ‘S-Team’. Bezos, who has been at the head of Amazon Web Services since its inception, was named CEO of AWS in 2016. In September last year, Bezos had clearly written in one of his columns that she was the right candidate to replace him.
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Jeff Bezos, the first and current CEO of Amazon.
What is the special qualification?
Having graduated from Harvard University in 1990 and Harvard Business School in 1997, he came straight to Amazon after his education and never left this company. Not only education and loyalty to the company, Jaise’s special ability was that he laid the chessboard for every player in the market. Whether it is a small startup or an established company like Apple, it brings everyone under the ambit of AWS products. Like according to:
I took my final exams at Harvard on the first Friday of May 1997 and started my journey with Amazon that Monday. At that time I had no idea what work I had to do there and what my position would be.Like how to overtake the giants?
Ever since AWS was launched in 2006, emphasis was placed on cloud storage. Initially, this work was started with small tech companies and a team of developers, but soon Jaisi made this business a very profitable business. The situation became such that many companies did not create their own storage, they remained dependent on Amazon.
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In terms of data center-related needs, when Microsoft and Google made huge investments and a war broke out over the cloud platform, under Jassy’s leadership, Amazon gained a huge lead. By mid-2020, Amazon accounted for 33% of the world’s cloud infrastructure market. Whereas Microsoft has 18% and Google has 9%.
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Like how much money do you get?
In the year 2019, Amazon paid Jassy $3,48,809 i.e. approximately Rs 2,54,40,384. The surprising thing is that in 2018, Jassy received more than 19 million dollars as stock award. According to the latest proxy statement of the company, it has been said that Jassy had 85,000 shares of the company which are worth more than $287 million. However, last year Jaisi had more than 1 lakh shares.
Web Services emerged as a valuable company of Amazon.
According to Amazon’s latest statement, AWS’s revenue in the fourth quarter jumped 28% to $12.7 billion. Operating income increased by 37% and reached $3.56 billion, which is 52% of Amazon’s total operating profit.
Are there social concerns as well?
Jaisi, who has a deep understanding of technical details, has a rock-star reputation within the company. He talks very little on social issues. He once tweeted about police accountability when a black woman, Breonna Taylor, was killed by white policemen after entering her house. Apart from this, Jassy has also been talking about LGBTQ+ rights sometimes.
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‘Jasi has given almost the same amount of time to Amazon as I have, and I am confident that Jasi will prove to be an excellent leader.’ Bezos has said this and the announcement of Jaisi replacing Bezos in the coming time has come when Jeff Wilk, CEO of Amazon’s World Consumer Business, was being seen as Bezos’ successor.
Tags: Jeff Bezos
FIRST PUBLISHED : February 3, 2021, 09:31 IST