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Viewsroom

Viewsroom: Bezos takes step back, Draghi steps up

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 4 February 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Amazon founder Jeff Bezos is handing the baton to Andy Jassy so he can spend more time with his rockets, a move that’s not always smooth sailing, Jennifer Saba tells Rob Cox. Meantime Mr. Whatever It Takes, Mario Draghi, is summoned to save Italy and Europe’s Hamiltonian moment. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise.

0:06.2

The economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.9

This Breaking Views podcast is sponsored by Refnative.

0:25.1

The views expressed on this podcast are those of the participants, not of Roiders'

0:30.2

news.

0:34.7

Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views.

0:38.7

I'm Rob Cox, the editor of Breaking Views, coming to you from Zurich, Switzerland.

0:42.2

This week we'll discuss one quasi-exit and another dramatic arrival.

0:46.9

First, Jeff Bezos, the bazillionaire founder of Amazon.com, decided to step down as chief executive officer of the $1.7 trillion company and hand the

0:56.2

baton to Andy Jassy. As my colleague, Jennifer Saba explains, it's not quite the end of an era, though.

1:02.4

First, Bezos will continue as executive chairman, and he still owns more than a tenth of the

1:06.9

company. So while he may not have a veto over the board of directors, let's just say he'll have a lot of influence over Amazon's direction. But it's a big promotion for

1:15.5

Jassy, who has been at Amazon for decades and laterally running AWS, the web services

1:20.4

business that punches way above its weight in terms of growth and most importantly, profitability

1:24.8

inside the company. From Seattle, we head all the way across the Atlantic

1:29.2

to Rome, where Mario Draghi has been summoned by the Italian president to succeed Giuseppe

1:34.4

Conte as prime minister. Super Mario, as many call him for effectively saving Europe single currency

...

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