Amazon CEO Jeff Bezos<br />Announces He Will Step Down.<br />During Amazon's annual shareholder meeting on Wednesday, the company's founder, Jeff Bezos, announced that he will officially step down from his role as chief executive on July 5.<br />Bezos, who will stay on as Amazon's executive chair, said that the timing is sentimental, as Amazon was incorporated on July 5, 1994. .<br />However, the news comes just days after the District of Columbia filed an antitrust lawsuit against Amazon, alleging that the massive company has abused its market dominance in e-commerce to harm competition.<br />Amazon has also faced criticism for its treatment of workers, highlighted by a landmark union drive at one of its warehouses in April, which failed in the face of pushback from the company.<br />The drive ultimately failed <br />in the face of pushback from the company.