This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Get Well Soon, Jeff Bezos

But Szkutak is not on the Amazon board. He's an inside guy, a numbers guy, not an entrepreneur. There is no clear successor to Bezos at Amazon. The only board member I see with relevant operational experience is Patricia Stonesifer, 56, who once ran the education division at Microsoft (MSFT) but now works at the Gates' Foundation.

We like to think of men like Bezos and Jobs as irreplaceable, but in fact the way you get ahead in business is by replacing yourself. That's the key to meriting a promotion: getting other people trained to do what you do so you merit a bigger job, and there will be no hiccups when you move up.

Tim Cook is no Steve Jobs, but he's not chopped liver. He has done a good job consolidating the lead Jobs left in the device market. But he hasn't created any major innovation there, either, which is why Apple now sells at a below-market price-to-earnings ratio of less than 14. sells at a P/E of more than 1,400. They say it doesn't need profits, but the stock is also worth more than twice its annual sales, at $181 billion, while other retailers are priced at half their sales, and the reason it sells for that is Jeff Bezos.

Bezos is a unique character. If that had not just been kidney stones on the Galapagos, or if that helicopter had gone down, we would be looking at a very different situation today.

So when Jeff Bezos gets well, it might be a good time to approach him about this whole succession question. Who's No. 2? Who can be groomed to be No. 2 and then No. 1?

Jeff Bezos is a hard act to follow, but in time he must be followed, and investors putting good money to work buying stock deserve an answer to that question.

At the time of publication, the author owned shares of GE and AAPL.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $111.79 0.17%
FB $94.12 -0.15%
GOOG $652.26 0.86%
TSLA $219.25 1.70%
YHOO $32.34 -1.58%


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs