Despite this aura of levity that the general population has of the app, this rise has always been closely eyed by U.S. lawmakers. The main issue for officials is the massive amount of data on the U.S. population that the app has stored, and whose hands this data might fall into.
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The easiest way to define pay inequality is looking at how much a CEO is paid compared to the amount their employees are paid. The excessive amount that CEOs are paid not only matters because of general inequality, but it affects the entire pay structure within a company. The money that the CEO is being paid comes from the same place that everyone else’s’ pay is coming from as well.
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Amazon announced on February 2nd that Jeff Bezos will be stepping down from the position of CEO. The position will be turned over to Andy Jassy, chief executive of Amazon Web Services (AWS). Bezos will transition to the role of executive chair this summer, stepping away from the responsibilities of CEO while also remaining deeply involved in the company. According to NBC news, Bezos follows the continual pattern of American tech company founders stepping down from the CEO position, such as Bill Gates at Microsoft and Larry Ellison at Oracle.
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