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Jeff Bezos steps down as Amazon CEO as retailer starts new chapter
CBSN
Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon's biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives.
Billionaire Elon Musk's role in the Trump administration is to find ways to cut costs through the newly created Department of Government Efficiency, or DOGE. But a new court filing from the White House states that the Tesla CEO isn't an employee of DOGE, adding that Musk "has no actual or formal authority to make government decisions himself."
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When Brian Gibbs woke up on Valentine's Day on Friday, it was just another morning of getting to do what he loved at his "dream job" as an education park ranger at Effigy Mounds National Monument in Iowa. By that afternoon, the father and husband said he was "absolutely heartbroken and completely devastated" to have been one of hundreds of National Park Service employees suddenly fired from their jobs.
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In Fresno, California, social media rumors about impending immigration raids at the city's schools left some parents panicking - even though the raids were all hoaxes. In Denver, a real immigration raid at an apartment complex led to scores of students staying home from school, according to a lawsuit. And in Alice, Texas, a school official incorrectly told parents Border Patrol agents might board school buses to check immigration papers.