Bezos to step aside, Draghi set for Rome, Myanmar’s Aung San Suu Kyi house arrest
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 3 February 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman of the ecommerce group, Italy’s president is expected to ask former European Central Bank president, Mario Draghi, to begin talks to form a new Italian government of national unity, and the price of silver retreated on Tuesday after a surge last week. Plus, the FT’s John Reed, explains what the military coup in Myanmar means for the country.
Amazon’s Jeff Bezos to step aside as chief executive this year
https://www.ft.com/content/b100100e-48d9-4b06-86e0-ed81dd9eee92
Mario Draghi set to form new Italian government
https://www.ft.com/content/36a84f52-7287-4062-a150-24f58d9b053a
Silver price retreats rapidly in blow to new retail buyers
https://www.ft.com/content/77e6fef6-37ff-4f8e-abd6-4c2d65ac120c
Myanmar coup blindsides the West
https://www.ft.com/content/cee63a22-4796-48bb-bcc3-0e3c95114ee0
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Wednesday, February 3rd, |
| 0:04.0 | and this is your FT News Briefing. |
| 0:08.8 | Jeff Bezos is stepping aside as the head of Amazon. Mario Draghi could be stepping up as the |
| 0:14.4 | next Prime Minister of Italy, and Silver has been up and down this week. We'll take a look at the ride. |
| 0:20.8 | Plus, the democratically elected leader of Myanmar is now under house arrest. Our Southeast Asia |
| 0:25.6 | correspondent explains how the military coup is affecting the country. I'm Mark Filipino, |
| 0:30.4 | and here's the news you need to start your day. |
| 0:37.4 | Amazon posted record quarterly revenues of more than $125 billion at the end of last year. |
| 0:43.2 | What the biggest news was about a personnel change at the very top of the company. |
| 0:47.3 | Amazon's founder and CEO Jeff Bezos says he will step aside later this year to become |
| 0:51.7 | executive chairman. The head of Amazon's cloud computing division Andy Jassy will become the |
| 0:56.7 | company's next CEO. Here to unpack these moves is Dave Lee. He covers Amazon for the Financial Times. |
| 1:02.1 | Why is Bezos making this shift? Well, he says it's to focus on some of his |
| 1:08.2 | passion projects. I guess he's calling. He was saying that being the CEO of Amazon is an all-consuming |
| 1:13.6 | job. And of course, he has a lot of interest now beyond the company. He found it. So there's |
| 1:19.3 | blue origin, for example, his space exploration. You've got things like the Washington Post, of course, |
| 1:24.6 | which he owns. And he's been investing a lot and donating a lot to causes around fighting climate |
| 1:31.0 | change. So he's got plenty on his plates. And he's not stepping away completely from the company. |
| 1:35.6 | He's going to become executive chairman. So he's going to be having a say in some of the |
| 1:40.9 | bigger strategic decisions that Amazon has to make. What does this change mean for Amazon? |
| 1:49.7 | Well, I think, yeah, the fact that the shares price didn't move a great deal is kind of an |
| 1:53.8 | endorsement of the person that Bezos and the board have decided to bring in a CEO. Andy Jassy is, |
... |
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