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, is that he not only created the cloud infrastructure market but also dominated it. This is the same Andy Jassy who is going to take over as the 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 he will succeed Jeff Bezos.
53-year-old Jassy has been a part of Bezos’ very special group, which is called the ‘S-Team’. Jassy, who has been the head of Amazon Web Services since its inception, was declared the CEO of AWS by Bezos in 2016. In September last year, Bezos had clearly written in one of his columns that Jassy is the most deserving to take his place.
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Jeff Bezos, the former and current CEO of Amazon.
Is it special like the qualification?
Having graduated from Harvard University in 1990 and Harvard Business School in 1997, Jassy went straight to Amazon after his education and never left the company. Not only his education and loyalty to the company, Jassy’s special ability was that he set the stage for every player in the market. Be it a small startup or an established company like Apple, Jassy brought everyone into the circle of AWS products. According to Jassy:
I gave my final exam at Harvard on the first Friday of May 1997 and started my journey with Amazon on Monday. At that time I had no idea what work I would do there and what my position would be.How to surpass the giants?
Ever since AWS was started in 2006, the focus was on cloud storage. Initially, this work was started with small tech companies and a team of developers, but soon Jaisi turned this business into a highly profitable one. The situation became such that many companies did not even build their own storage; they remained dependent on Amazon.
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As Microsoft and Google invested heavily in data center needs and a war broke out over cloud platforms, Amazon under Jesse’s leadership took a huge lead. As of mid-2020, Amazon accounted for 33% of the global cloud infrastructure market, while Microsoft had 18% and Google had 9%.
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Like how much money do you get?
In the year 2019, Amazon paid $3,48,809 to Jassy, which is about Rs 2,54,40,384. The surprising thing is that in 2018, Jassy received more than $19 million as a stock award. According to the company’s latest proxy statement, it is said that Jassy had 85,000 shares of the company, which are worth more than $287 million. However, last year Jassy had less than 1 lakh shares.
Web services emerged as a valuable company for Amazon.
According to Amazon’s latest statement, AWS revenue jumped 28% to $12.7 billion in the fourth quarter. Operating income grew 37% to $3.56 billion, which is 52% of Amazon’s total operating profit.
Does Jaisi also have social concerns?
Jesse, who has a deep understanding of technical details, has a rock-star image within the company. He rarely talks about social issues. He once tweeted about police accountability when a black woman, Breonna Taylor, was killed by white policemen after entering her home. Apart from this, Jesse has also occasionally talked about LGBTQ+ rights.
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‘Jasey has spent almost as much time at Amazon as I have, and I believe that Jesse will prove to be an excellent leader.’ Bezos has said this and the announcement of Jesse replacing Bezos in the coming time has come at a time 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