Amazon CEO, Putting Stamp on Company, Promotes Four Leaders – Yahoo Finance - eComEmpireStore + Brought to You By: Robert Villapane Ramos

Amazon CEO, Putting Stamp on Company, Promotes Four Leaders – Yahoo Finance

(Bloomberg) — Inc. Chief Executive Officer Andy Jassy has appointed four executives to senior roles as he continues to put his stamp on the world’s largest e-commerce company.Most Read from BloombergPutin Says Russia May Add Nuclear First Strike to StrategyHarry and Meghan Throw the Gauntlet to William and KateCeline Dion Brings Attention to Stiff […]

(Bloomberg) — Inc. Chief Executive Officer Andy Jassy has appointed four executives to senior roles as he continues to put his stamp on the world’s largest e-commerce company.
Most Read from Bloomberg
Putin Says Russia May Add Nuclear First Strike to Strategy
Harry and Meghan Throw the Gauntlet to William and Kate
Celine Dion Brings Attention to Stiff Person Syndrome: Here’s What It Is
Stocks Suffer Late-Day Swoon as Traders Shun Risk: Markets Wrap
Musk Twitter Leak Raises Concern About Outside Data Access
The appointments include three long-time executives and one relative newcomer. They are joining “Steam,” a group of senior leaders who help influence the direction of the company and its investment priorities. With the promotions, Jassy revealed a commitment to streaming services, logistics and devices.
The new members are:
Steve Boom, vice president of Amazon Music, who has been with Amazon for more than a decade. Boom is a lawyer-turned-technology executive who studied law at Harvard and has worked at several other technology companies, including Yahoo, according to his LinkedIn profile.
Candi Castleberry, vice president of global diversity, equity and inclusion who was hired last year following the resignation of her predecessor. She previously held a similar role at Twitter.
Udit Madan, vice president of transportation at Amazon, joined the company in 2008 as a software engineer and rose through the ranks, according to his LinkedIn profiile.
Rob Williams, vice president of devices, has a degree in computer engineering from the University of Waterloo and joined Amazon in 2013, according to his LinkedIn profile.
“Each are very strong leaders, play critical roles at the company and exemplify so many of our leadership principles in how they lead every day,” Jassy said in the announcement Wednesday.
Jassy’s elevation to CEO last year prompted a wave of departures from Steam, including executives who spent almost their entire careers at the Seattle-based company. The most recent veteran to announce his exit is Amazon media chief Jeff Blackburn, who plans to retire in early 2023.
The newly constituted Steam will have 27 members, including four women. Amazon, like other big technology companies, has been criticized for a preponderance of mostly white male executives.
(Updated with biographical details in bulleted section.)
Most Read from Bloomberg Businessweek
Airbus Is Coming for Boeing’s 737
The US’s New Approach to Venezuela Is Starting to Bear Fruit
China Is the Wild Card for Global Inflation in 2023
The Cult of the Retail Trader Has Fizzled
Some Bosses Embrace Work From Home to Keep Wages Down
©2022 Bloomberg L.P.
Related Quotes
Investing in S&P 500 companies run by their founders used to be a smart bet. Not this year: It's cost you $2.8 trillion.
The COVID pandemic is receding into the rear view mirror, and good riddance to it. It’s left a mark, though, and in areas as varied as education, employment, and e-commerce, we’ll be dealing with the repercussions for months, or even years, to come. For investors, the pandemic was the time to get into companies connected with online shopping, home digital entertainment, and wireless networking. With the lockdowns and work-from-home, these areas soared. But – they’ve seen sharp losses more recent
Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
If you're looking to generate passive income, AT&T's stock provides a healthy dividend payment.
Finding the right stock is the key to successful investing, but it’s never as easy as that sounds. The answer to the question, which stock to buy? is no secret, but it is hidden, in the avalanche of data that the markets produce. What’s needed is some clear signal that will cut through the noise and indicate the right stocks for the times. The quantity of data, and the sheer impossibility of parsing all of it in real time, makes a formidable barrier to successful stock picking – but Wall Street’
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
Holding a stock forever may seem crazy, but it's the right way to think about investing in dividend stocks. Companies that generate increasing amounts of cash and return that cash to shareholders can drive a market-beating portfolio, and Travis Hoium highlights four of his buy-and-hold dividend stocks in the video below.
The company's main product — Bitcoin — isn't exactly popular just now, and it didn't mine as much last month as it hoped to.
Kinder Morgan (NYSE: KMI) gave investors a glimpse into what they should expect in the coming year by unveiling its preliminary financial expectations for 2023. Management expects Kinder Morgan to generate $7.7 billion in adjusted EBITDA next year. Growth drivers include rising volumes at its refined product and gathering and processing businesses, higher rates as it recontracts its Jones Act tankers, and expansion projects coming into service.
Have an issue with your financial adviser or looking to hire a new one? Email
Nio (NYSE: NIO) pleased investors with its forward projections when it reported third-quarter earnings a month ago. When Nio announced its quarterly results on Nov. 10, it told investors vehicle deliveries increased almost 30% year over year. Today, Li Auto (NASDAQ: LI) said it also expects to deliver up to 48,000 EVs in its fourth quarter.
Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.
The firm said Thursday the move is tied to its ambition to reach profitability in 2023. It attributed the reductions to a new sales model it says requires less staff.
Unfortunate financial services company Silvergate Capital (NYSE: SI) suffered both indignities this week. It probably goes nearly without saying that Silvergate's downgrade and the unwanted political attention stem from the potential fallout of the FTX collapse. Monday morning before market open, Morgan Stanley analyst Manank Gosalia dropped his recommendation one peg to underweight (sell, in other words) from his previous equalweight (neutral), citing the "ongoing stress in the crypto ecosystem" due to FTX's swoon.
The biotech industry can bring investors some truly lucrative gains – but these stocks are not for the faint of heart. The companies bring to the table a combination of famously high overhead and long product lead times, so investors will need to be patient with firms that regularly show long-term quarterly losses. But the rewards in biotech can change the game completely. A few catalysts – positive results from a clinical trial, approval from a governmental regulatory agency, or a new product l
Shares of Hello Group (NASDAQ: MOMO) were up 36% as of 9:31 a.m. ET on Thursday after the company reported better-than-expected earnings results for the third quarter. While management expects another decline in revenue next quarter, the sequential improvement in earnings per share is all that matters right now.
CEOs of public companies rarely take public swipes at competitors, but that is what Tesla chief Elon Musk did regarding Lucid Group on Friday. Musk responded to a tweet about Lucid (ticker: LCID) offering new purchase incentives for some of its cars with a seven-word bomb: “They are not long for this world.” Tesla (TSLA) and Lucid didn’t immediately respond to requests for comment about the tweet or discounts.
Mohamed El-Erian is worried that crypto’s risk-taking behavior is just an example of what became the norm over the past decade.
If you are looking for stocks that are well positioned to maintain their recent uptrend, BioVie Inc. (BIVI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Yahoo Finance Live checks out Lululemon shares following its latest earnings report and removal from analysts' conviction buy list.