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Huge tech companies like Amazon, and others, have had a huge impact on the way we live our lives, and have had incredible levels of financial success. Many of these companies have the same thing; their founders are no longer in control, they have either stepped down, started sharing power with others, or in some cases even been pushed out.
This week alone, Jack Dorsey stepped down as CEO of the micro-messaging service, and his replacement was a co-CEO of the business. They are not alone.
Jeff Bezos gave the CEO position of Amazon to Andy Jassy in July of 2021.
Tim Cook was temporarily in charge of Apple in 2009. Cook was made CEO after Jobs returned to the company, but then took another leave of absence in 2011. Tim Cook said he doesn't intend to run the company for another decade after 10 years as CEO.
The founder of the company that owns TikTok will be stepping down in May. He worried that he was lying about the ideas he had before starting the company.
In August 2015, Larry Page and Sergey Brin moved on to oversee the holding company for the various properties of the company. The shakeup was seen as them taking their hands off the search engine company, leaving Pichai in charge, and then in the year 2019, he took over as CEO of the company.
In September of last year, Kevin and Mike announced they were stepping down from the company.
Bill Gates stepped down as CEO of Microsoft in 2000 and then left his position on the board last year, the last time he was on the board. Microsoft's CEO is also the chairman of the board, and he is named Satya Nadella.
Reed Hastings became co-CEO with Ted Sarandos in July 2020. The company said that he was already helping lead and that he was joining Hastings as CEO to formalize his role.
According to CNBC, Taylor is becoming the co-CEO of the enterprise tech giant, as well as being the new chairman of the board. It isn't the first time that the company's CEO and founder will share power, but it is another instance of a former deputy gaining more power within a tech giant.
On Monday, November 29th, Jack Dorsey announced he was leaving the company because he believed it was ready to move on from its founders.
There are exceptions to the trend. Mark Zuckerberg has complete control over Meta. It would be hard for shareholders to force him out of his job because of the company's stock structure. Jensen Huang is still in charge of Nvidia, and Evan Spiegel is still in charge of Snapchat.
Microsoft and Apple are the two most valuable public companies in the world, and tech companies can survive without their founders.
