New Amazon CEO: from life in the cloud to running one of the world's biggest firms

By David Shepardson and Nandita Bose (Reuters)’s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. “You want to be reinventing when you are healthy, you want to be reinventing all the time,” Jassy, 53, said in December at a company forum. “You have got to be manancial and relentless and tenacious about getting to the truth…. You have to know what’s working and what’s not working.” He cited Netflix’s decision to cannibalize its own DVD rental business in favo…

Read More

HEDGE accordingly