Recently, Jeff Bezos, one of the wealthiest people in the world, announced he would take a different role at his company. Corporate moves make the news all the time, but for the largest companies, the story can jump from the business page to the front page.1,2
It’s understandable to wonder how this might impact you. It might appear like the start of something bigger or the first domino, so to speak. But corporations like Bezos’ go to great lengths to make transitions smooth.
These transitions are often carefully timed and planned, particularly when the CEO is a household name. Nobody wants a misstep during a transition in the spotlight. Bezos moving to a new title at the same company is a clear sign that this transition was planned and likely not a harbinger of chaos.1
So remember, while they may be the end of an era, such events are business as usual for major companies and one of many elements we’ve already factored into your investment strategy.
1. CNBC.com, February 2, 2021
Diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
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