His then wife MacKenzie Scott drove while Bezos drafted his business plans for an online platform. Amazon was the fastest company in history to make $100 billion in sales, achieving this feat in just under 15 years.Īt 30, Bezos left New York on a road trip for Seattle 一 a city with up-and-coming startup tech talent. To put it subtly, Amazon has come a long way from its beginnings in Bezos's garage in Seattle, Washington. Amazon is known for a quick turnaround on deliveries Image: Jane Barlow/PA Wire/picture-alliance Humble beginning Bezos believed that writing and reading these documents provided more clarity. Instead, Bezos insisted on printing out several pages of each meeting, which would be read, discussed and debated. In 2004, Anderson continued, he banned using PowerPoint at any presentation given at Amazon. "Amazon has three customer pillars: wide selection, low prices and fast delivery," Anderson said. You could call it a culture of customer obsession. 2 on Fortune's 2021 list of the world's most admired companies. There is a fascination around the culture that exists at Amazon, so much so that it ranked No. "Typical business, he doesn't do that, he looks at things very differently," Anderson said. Steve Anderson is an expert in strategic risk and business growth and the author of The Bezos Letters. He told DW that that the fact that Bezos is a contrarian is what sets him apart from other CEOs. Jassy founded and currently runs the company's cloud-computing business, Amazon Web Services (AWS). The CEO crown will now be placed on Andy Jassy's head. "Right now I see Amazon at its most inventive ever, making it an optimal time for this transition," the billionaire said in a press release. The timing marks the 27-year anniversary of Amazon's incorporation in 1994. "We chose that date because it is sentimental to me," Bezos said in a shareholder meeting. July 5 is the date that Jeff Bezos has picked to hand over his title as CEO of Amazon.
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