Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Andy Jassy has a favorable start as head of Amazon

Andy Jassy has a favorable start as head of Amazon

IT WAS NOT a bad start for Andy Jassy, ​​who on July 5 succeeded Jeff Bezos as head of Amazon. The next day, the share price of the digital empire, which Mr Bezos had led since its inception as an online bookstore in 1994, rose nearly 5%, and its market value jumped over $ 1.8 billion. Dollar. Sir. Jassy’s undoubted managerial virtues were probably not the cause. The most likely reason is the Pentagon̵

7;s decision to enter into a cloud computing agreement with Microsoft. The contract of 10 billion. $, Which Amazon had challenged, claiming it was unfairly awarded to its rival, is shared instead by the two tech giants and possibly others. Still, if the new Manager is to maintain Mr Bezo’s sterling record, a little luck will not hurt.

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This article appeared in the Business section of the print edition under the heading “The Jassy age”

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