It is a sad news for business world as Joy Covey, former Amazon CFO who was once named by Fortune magazine as one of the world’s most powerful women died on Wednesday after her bicycle collided with a van in San Mateo County, California. She was 50 when the accident happen and according to the California Highway Patrol, Covey was riding downhill on Skyline Boulevard when she crashed into a Mazda minivan Wednesday afternoon.
She is a runaway and high-school dropout, used her 173 IQ passed her equivalency exam and bagged groceries before entering California State At Fresno and graduating in less than three years.
She became a certified public accountant and went on to earn a law degree and an MBA from Harvard. In 1996, at age 33 she joined Amazon as the company was then a fledgling e-commerce startup that posted annual losses and employed only 150 people.
Covey has bring the Amazon’s into intial public offering in 1997 and coauthored the company’s first letter to investors, now considered one of the most exemplary in business. In 1999, she recognized by Fortune as the most convincing in Wall Street that Amazon become a successful company that was worth $22 billion. She retired in 2000 in order to spend more time pursuing her personal interest. She had an estimared net worth of $200 million and Amazon becoming the retail juggernaut now. The company currently has 97,000 employees worldwidea and a market capitalization of $142.6 Billion.
Before this, Joy Covey has been working as the treasurer for the environmental group National Resource Defense Concil and also founded the Beagle Foundation, which gives funding to environmental causes.