Name: Billionaire Jeff Bezos To Step Down As Amazon CEO | NBC Nightly News
Uploaded: 2021-06-20T16:57:38.000Z
Duration: 1 min 55 s
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BUT ON THIS BUSY NEWS NIGHT LET'S START WITH THE BREAKING NEWS

NIGHT LET'S START WITH THE BREAKING NEWS ABOUT AMAZON.

THE BREAKING NEWS ABOUT AMAZON. JO LING KENT REPORTS.

ABOUT AMAZON. JO LING KENT REPORTS. >> Reporter: AFTER

JO LING KENT REPORTS. >> Reporter: AFTER MORE THAN 25 YEARS AND

>> Reporter: AFTER MORE THAN 25 YEARS AND BILLIONS IN SALES,

MORE THAN 25 YEARS AND BILLIONS IN SALES, JEFF BEZOS IS LEAVING

BILLIONS IN SALES, JEFF BEZOS IS LEAVING HIS POST AS CEO THIS

JEFF BEZOS IS LEAVING HIS POST AS CEO THIS SUMMER.

HIS POST AS CEO THIS SUMMER. HANDING THE REINS OF

SUMMER. HANDING THE REINS OF THE MASSIVE DISRUPTOR

HANDING THE REINS OF THE MASSIVE DISRUPTOR HE BUILT TO ANDY

THE MASSIVE DISRUPTOR HE BUILT TO ANDY JAFFE, THE CURRENT

HE BUILT TO ANDY JAFFE, THE CURRENT HEAD OF AMAZON WEB

JAFFE, THE CURRENT HEAD OF AMAZON WEB SERVICES.

HEAD OF AMAZON WEB SERVICES. IN AN INTERNAL E-MAIL

SERVICES. IN AN INTERNAL E-MAIL BEZOS, WHO WILL BECOME

IN AN INTERNAL E-MAIL BEZOS, WHO WILL BECOME EXECUTIVE CHAIR, SAID

BEZOS, WHO WILL BECOME EXECUTIVE CHAIR, SAID "I INTEND TO FOCUS MY

EXECUTIVE CHAIR, SAID "I INTEND TO FOCUS MY ENERGIES AND ATTENTION

"I INTEND TO FOCUS MY ENERGIES AND ATTENTION ON NEW PRODUCTS AND

ENERGIES AND ATTENTION ON NEW PRODUCTS AND EARLY INITIATIVES.

ON NEW PRODUCTS AND EARLY INITIATIVES. I'M EXCITED ABOUT THIS

EARLY INITIATIVES. I'M EXCITED ABOUT THIS TRANSITION."

I'M EXCITED ABOUT THIS TRANSITION." EARLY IN HIS CAREER

TRANSITION." EARLY IN HIS CAREER BEZOS LEFT HIS JOB IN

EARLY IN HIS CAREER BEZOS LEFT HIS JOB IN FINANCE, FOUNDING

BEZOS LEFT HIS JOB IN FINANCE, FOUNDING AMAZON IN 1994.

FINANCE, FOUNDING AMAZON IN 1994. HE SPOKE WITH NBC NEWS

AMAZON IN 1994. HE SPOKE WITH NBC NEWS ABOUT THAT CAREER MOVE

HE SPOKE WITH NBC NEWS ABOUT THAT CAREER MOVE IN 1999.

ABOUT THAT CAREER MOVE IN 1999. >> BUT I MIGHT REALLY

IN 1999. >> BUT I MIGHT REALLY HAVE REGRETTED NOT

>> BUT I MIGHT REALLY HAVE REGRETTED NOT HAVING PARTICIPATED IN

HAVE REGRETTED NOT HAVING PARTICIPATED IN THIS THING CALLED THE

HAVING PARTICIPATED IN THIS THING CALLED THE INTERNET THAT I

THIS THING CALLED THE INTERNET THAT I THOUGHT WAS GOING TO

INTERNET THAT I THOUGHT WAS GOING TO BE A REALLY BIG DEAL.

THOUGHT WAS GOING TO BE A REALLY BIG DEAL. >> Reporter: AND IT

BE A REALLY BIG DEAL. >> Reporter: AND IT WAS.

>> Reporter: AND IT WAS. WHAT BEGAN AS AN

WHAT BEGAN AS AN ONLINE BOOK SELLER GREW FAST.

ONLINE BOOK SELLER GREW FAST. >> WORK HARD, HAVE

GREW FAST. >> WORK HARD, HAVE FUN, MAKE HISTORY IS

>> WORK HARD, HAVE FUN, MAKE HISTORY IS OUR MOTTO.

FUN, MAKE HISTORY IS OUR MOTTO. >> Reporter:

OUR MOTTO. >> Reporter: ULTIMATELY BECOMING A

>> Reporter: ULTIMATELY BECOMING A MEGA ONLINE RETAILER

ULTIMATELY BECOMING A MEGA ONLINE RETAILER WITH MORE THAN A

MEGA ONLINE RETAILER WITH MORE THAN A MILLION WORKERS.

WITH MORE THAN A MILLION WORKERS. >> HE'S ALMOST

MILLION WORKERS. >> HE'S ALMOST SINGULARLY RESPONSIBLE

>> HE'S ALMOST SINGULARLY RESPONSIBLE FOR EVERY MAJOR THING

SINGULARLY RESPONSIBLE FOR EVERY MAJOR THING THAT THEY'VE DONE OVER

FOR EVERY MAJOR THING THAT THEY'VE DONE OVER THE PAST 25 YEARS.

THAT THEY'VE DONE OVER THE PAST 25 YEARS. >> Reporter: THE

THE PAST 25 YEARS. >> Reporter: THE COMPANY IS OFTEN

>> Reporter: THE COMPANY IS OFTEN CRITICIZED FOR

COMPANY IS OFTEN CRITICIZED FOR UNDERCUTTING SMALL

CRITICIZED FOR UNDERCUTTING SMALL BUSINESSES BY

UNDERCUTTING SMALL BUSINESSES BY AGGRESSIVELY LOWERING

BUSINESSES BY AGGRESSIVELY LOWERING PRICES.

AGGRESSIVELY LOWERING PRICES. BEZOS IS NOW ONE OF

PRICES. BEZOS IS NOW ONE OF THE RICHEST PEOPLE IN

BEZOS IS NOW ONE OF THE RICHEST PEOPLE IN THE WORLD.

THE RICHEST PEOPLE IN THE WORLD. HIS RECENT DIVORCE

THE WORLD. HIS RECENT DIVORCE FROM MACKENZIE SCOTT

HIS RECENT DIVORCE FROM MACKENZIE SCOTT WAS ONE OF THE MOST

FROM MACKENZIE SCOTT WAS ONE OF THE MOST EXPENSIVE EVER.

WAS ONE OF THE MOST EXPENSIVE EVER. AFTER HIS AFFAIR WITH

EXPENSIVE EVER. AFTER HIS AFFAIR WITH LAUREN SANCHEZ WAS

AFTER HIS AFFAIR WITH LAUREN SANCHEZ WAS SPLASHED ACROSS THE

LAUREN SANCHEZ WAS SPLASHED ACROSS THE TABLOIDS.

SPLASHED ACROSS THE TABLOIDS. BEZOS SAYS HE ISN'T

TABLOIDS. BEZOS SAYS HE ISN'T RETIRING, BUT AFTER

BEZOS SAYS HE ISN'T RETIRING, BUT AFTER DECADES OF OVERSEEING

RETIRING, BUT AFTER DECADES OF OVERSEEING EVERY MAJOR PROJECT

DECADES OF OVERSEEING EVERY MAJOR PROJECT HE'LL BE TAKING A

EVERY MAJOR PROJECT HE'LL BE TAKING A MAJOR STEP BACK.

HE'LL BE TAKING A MAJOR STEP BACK. BEZOS WILL ALSO STAY

MAJOR STEP BACK. BEZOS WILL ALSO STAY INVOLVED WITH THE

BEZOS WILL ALSO STAY INVOLVED WITH THE "WASHINGTON POST,"

INVOLVED WITH THE "WASHINGTON POST," WHICH HE OWNS, AND

"WASHINGTON POST," WHICH HE OWNS, AND BLUE ORIGIN, HIS

WHICH HE OWNS, AND BLUE ORIGIN, HIS PRIVATE SPACE COMPANY.

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Billionaire Jeff Bezos To Step Down As Amazon CEO | NBC Nightly News

ultimately

massive

regret

executive