Dave Clark, the executive who made Amazon.com Inc. into a worldwide delivery behemoth, is stepping down as chief executive of the online retailer’s consumer business to pursue other opportunities, the company said on Friday. Amazon CEO Andy Jassy said he expects to name a replacement in the next few weeks and that the company has…
Amazon Executive Behind Its Massive Delivery Operation to Leave After 23 Years
Amazon CEO of Worldwide Consumer Business Resigns After 23 Years: ‘It’s Time for Me to Build Again.’
June 4, 2022
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By Madeline Garfinkle After 23 years with Amazon, Dave Clark, who most recently served as CEO of its worldwide consumer business and as a top lieutenant to CEO Andy Jassy, announced he’ll be leaving the company effective July 1. Clark’s position made him one of the highest-ranking executives at Amazon, and the company had yet to name a…
Amazon to Pull Kindle Out of China, Other Businesses to Remain
SHANGHAI—Amazon.com said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore there next year, in the latest pullback by a U.S. tech firm from the restrictive Chinese market. Amazon announced the decision on its official WeChat account on Thursday, saying it was adjusting the strategic…
Amazon Pulls Kindle out of Chinese Market
Foreign companies are leaving China. Now, Amazon has joined the trend, as Apple shifts iPad production from China to Vietnam. Is Shanghai easing lockdowns? Residents in one community enjoyed restricted freedom for just two days, before getting ordered back inside. Chinese military planes get dangerously close to a Canadian aircraft on a United Nations mission….
Democrat Reps. Demand Amazon Comply With House Oversight Probe Into Labor Practices
The House Oversight Committee has demanded Amazon.com, Inc. comply with its probe into the company’s labor practices during severe weather events, claiming it has obstructed their investigation by failing to produce documents seven weeks after the deadline. The committee launched its probe into Amazon’s corporate labor practices following the deaths of six workers during a…
Amazon.com Says Unfairly Targeted by US Antitrust Bill
WASHINGTON—Big tech has launched a media blitz aimed at derailing one of the most ground-breaking bipartisan bills in the U.S. that would bar tech companies, like Amazon.com Inc, from giving preference to their own businesses on their websites. Amazon lambasted the bill on Wednesday saying in a blog post that the bill “jeopardizes two of…
[VIDEO] ‘Amazon Is Praying for You!’ Driver’s Note Brings Joy to Girl Battling Cancer
An Amazon delivery driver who left a loving chalk note on a customer’s porch has brought joy to an 8-year-old girl battling lung cancer. Aubrey Hutson of Lakeland, Florida, was diagnosed with rhabdomyosarcoma (RMS), a rare cancer that forms in soft tissue, in June of 2021. Her mom, Kentucky native Lyndsi Hutson, was shaken to the…
Amazon Shareholders Vote Against Investor-Led Proposals
BOSTON/NEW YORK—A majority of Amazon.com Inc. shareholders on Wednesday voted against each of 15 investor-led resolutions that challenged the company’s policies—including its treatment of workers and use of nondisclosure agreements, an executive said at its annual meeting. The total number of investor resolutions, including one introduced at the online meeting, was a record for the…
Elon Musk Visits Brazil’s Bolsonaro to Discuss Amazon Plans
RIO DE JANEIRO—Tesla and SpaceX chief executive officer Elon Musk met with Brazil’s President Jair Bolsonaro on Friday to discuss connectivity and other projects in the Amazon rainforest. The meeting, held in a luxurious resort in Sao Paulo state, was organized by Communications Minister Fábio Faria, who has said he is seeking partnerships with the…
This Investor Is Comfortable Holding Apple Stock, But Is Concerned About Amazon: Here’s Why
UBS upgraded the technology sector to Overweight on Wednesday morning, but Requisite Capital Management’s Bryn Talkington splashed caution on the analyst firm’s call. “I’m never amazed at how low stocks can actually go when you get into this environment,” Talkington said Wednesday on CNBC’s “Fast Money Halftime Report.” What to Know: The call on the broader tech sector as a whole…
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