may be the biggest news of the year for Amazon, but a broader sea change has been unfolding at a layer below.
Insider spoke with seven of the executives who have left Amazon since the start of last year, almost all of whom requested anonymity because they were not authorized to speak to the press about the company. While most of them said they weren't necessarily"unhappy" in their respective jobs, they cited an opportunity for better pay, a chance to join a c-suite, and a generally slowing culture at Amazon as reasons among others for their departures.
Those companies are offering attractive compensation packages that can easily multiply the existing salaries for these people. Amazon, on the other hand, generally won't use raises to try to retain people, one person said, as compensation-driven people are often frowned upon and criticized for being"mercenaries, not missionaries," a"Amazon is not making it hard to leave when the other options are all likely to compare better," one of the people said.
Given the hot startup market and growing demand for Amazon executives, it's not hard to see more people jump ship in the coming years, according to Esther Colwill, president of global technology industries at executive recruiting firm Korn Ferry. Not everyone left to pursue broader ambitions. Tim Bray, a VP and distinguished engineer for AWS, stepped down last year with a very public protest of Amazon's treatment of warehouse workers,At least two other former VPs who spoke to Insider said they're now retired, and their decision was purely based on where their stage of career was and how Amazon's stock has performed in recent years. Several executives, including Wilke and Kessel, also announced retirements.
"It isn't clear where they go outside and find this kind of entrepreneurial leadership," one of the people said.Amazon has a history of passing over candidates with more conventional experience for promotions, one person said. Matt Garman was last yearto senior vice president of AWS sales and marketing, despite having relatively little sales experience compared to the more seasoned AWS sales executives Teresa Carlson and Mike Clayville.
Source: News Formal (newsformal.com)
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