News24 Wire Meanwhile, investments in research and development helped the company take massive tax breaks of $2.3bn in 2020, according to the Institute on Taxation and Economic Policy. Blue Origin founder Jeff Bezos speaks after receiving the 2019 International Astronautical Federation (IAF) Excellence in Industry Award. Photo: AFP/Mandel Ngan
Amazon.com Inc CEO Jeff Bezos hands over the reins to his successor on Monday, marking the end of an era at the internet giant supercharged by new business growth.
Andy Jassy, until now the head of Amazon Web Services, is becoming the company’s chief executive on July 5, the same date the e-commerce firm originally incorporated in 1994.
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