Jassy

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016.Mike Blake | ReutersThroughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more important than profits.Founder Jeff Bezos laid out that strategy in his first investor letter in 1997."We will continue to make investment decisions in light of long-term market leadership considerations rather than…

WASHINGTON — Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government’s investigation of Amazon Prime, rejecting the company’s complaint that the executives are being unfairly harassed in the probe of the popular streaming and shopping service. The Federal Trade Commission issued an order late Wednesday denying Amazon’s request to cancel civil subpoenas sent in June to Bezos, the Seattle-based company’s former CEO, and Jassy. The order also sets a deadline of Jan. 20 for…

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City.Michael M. Santiago | Getty Images News | Getty ImagesThe Federal Trade Commission late Wednesday rejected Amazon's bid to exclude CEO Andy Jassy and founder Jeff Bezos from testifying in a probe into the retail giant's Prime program.In an order written by Republican Commissioner Christine Wilson and made public on the FTC's website, the agency ruled that Amazon…

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime, rejecting the company's complaint that the executives are being unfairly harassed in the probe of the popular streaming and shopping service.The Federal Trade Commission issued an order late Wednesday denying Amazon's request to cancel civil subpoenas sent in June to Bezos, the Seattle-based company's former CEO, and Jassy. The order also sets a deadline of Jan. 20 for the completion…

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon CEO Andy Jassy said the company doesn't plan to order corporate employees to return to the office."We don't have a plan to require people to come back," Jassy said on stage Wednesday at the Code Conference in Los Angeles. "We don't right now. But we're going to proceed adaptively as we learn."Amazon tech workers were told to work from home in…

Amazon CEO Andy Jassy appears unwilling to accept the outcome of the historic union election in Staten Island that marked the first win by a union at an Amazon warehouse in the United States. In an onstage interview at the Code Conference in Beverly Hills, California, on Wednesday, Jassy claimed “very disturbing irregularities” in the vote of workers at the JFK8 warehouse in New York City, and alluded to a prolonged battle with the National Labor Relations Board (NLRB), which oversaw the election. Amazon had indeed…

Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021.Saul Loeb | Pool | ReutersAmazon accused the Federal Trade Commission of harassing executive chairman Jeff Bezos and CEO Andy Jassy by asking them to testify in its investigation of the company's Prime subscription business, acknowledging the probe in a filing dated August 5 that was recently made…

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAndy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word.Jassy, a 25-year Amazon veteran, succeeded Jeff Bezos on July 5, 2021. A few days later, the stock hit a record high. Since then, it's down more than 40%, including a 35% drop in the second quarter, the steepest decline for any…

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon CEO Andy Jassy said the company is focused on returning to a "healthy level of profitability" after slowing retail sales and rising costs ate into its latest quarterly earnings."We have effectively lowered our cost structure before and I have high confidence that we'll get back on track as we work through these incredibly unusual past two years," Jassy said Wednesday at Amazon's annual…