Jeff Bezos Reveals Why He Decided To Step Down As Amazon CEO
NDTV
Jeff Bezos said that his space venture needed to grow at a faster pace and this would not be possible if it had to manage both Blue Origin and Amazon at the same time.
Jeff Bezos, the founder of e-commerce giant Amazon, has shared the reason behind his decision to step down as the CEO of the company two years ago. The drastic step came as a surprise to the world, and now Mr Bezos has cited his motivations for the same in a recent episode of the Lex Fridman Podcast.
Mr Bezos said it is his commitment to his space exploration venture Blue Origin that served as the primary contributor to his retirement decision. Explaining the decision to move away from the CEO role of the company he founded in 1994, the billionaire said that his space venture needed to grow at a faster pace and this would not be possible if it had to manage both Blue Origin and Amazon at the same time.
“Blue Origin needs to be much faster. And it's one of the reasons that I left my role as the CEO of Amazon a couple of years ago, ‘I wanted to come in and Blue Origin needs me right now'," he said.
