Now Jeff Bezos has moved upstairs, what does the future hold for Amazon?

The company has boomed during the pandemic but appears to recognise that its public image needs work, particularly when it comes to the treatment of its employees. James Moore explains

Amazon founder Jeff Bezos is handing over the role of Amazon CEO but will stay as executive chairman (AP)

One might have expected a least a wobble on Wall Street in response to the surprise news that Jeff Bezos, the iconic founder of Amazon, a man whose impact on the world is at least as profound as that of many a national leader, was stepping down as CEO.

Yet there was no sign of that. The stock, which has been a strong performer over the past few days, was ahead after market trading despite the apparent bombshell dropped by its leader.

That is not as surprising as it might look.