This week, Amazon announced that Jeff Bezos will no longer be chief executive of the corporation but will instead take the position of "executive chairman". Andy Jassy, who runs the highly profitable Amazon Web Services cloud computing division, will take the title.
What will Amazon founder Jeff Bezos do next?
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It's not clear what this announcement means, whether Bezos wants to genuinely give up power or whether he wants to continue making decisions while having someone else testify before Congress or in potential antitrust proceedings. But in truth, it doesn't matter, because why Amazon exists in its current form, for good or ill, is a function not of one talented man, but of a legal regime that enables and encourages monopoly power. And that regime is falling apart.