Tuesday, June 28, 2022

Giving Amazon’s new CEO Andy Jassie more than $ 200 million in shares

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Amazon CEO Andy plans to reward Jassie with more than $ 200 million in additional shares over 10 years, the company said in a regulatory document on Friday.

Amazon will record 61,000 shares on July 5, the application said, the day Jassie Jeff Bezos succeeded in becoming CEO for the first time since he was founded in 1994 as an online retailer.

The exact value of the award depends on how the shares will be traded in the coming years, prompting Jassini to develop a company worth $ 1.77 trillion today. Although Amazon did not disclose the ownership transfer schedule, its previous shares were not issued immediately.

Jassie’s base salary was $ 175,000, according to documents. On top of that, it has $ 45.3 million in previously awarded shares, this year’s stock and $ 41.5 million in shares it owned in 2020.

It’s still smaller than rival CEOs in the tech industry. Satya Nadella of Microsoft had a $ 215 million stock fund for the fiscal year ended June 30, 2020, with a salary of $ 2.5 million. Apple spokesman Tim Cook owned $ 281.9 million worth of shares in the 2021 proxy server.

And Bezos, despite earning less, became the richest man in the world because he was Amazon’s largest shareholder.

Satya Nadella from Microsoft, Lu Wei from China, Tim Cook from Apple, among other technology executives and CEOs at Microsoft headquarters in 2015.
Other Big Tech CEOs such as Microsoft’s Satya Nadella (left) and Apple’s Tim Cook (right, China’s Internet king Lu Wei stood between them at the 2015 Microsoft event) are better than Amazon’s new CEO Andy Jassie. remains a much higher compensation.
AP

The company plans to suspend shares to Jassie every two years and aims to give the award on Friday to showcase a large portion of its compensation for years to come, Acesparks said in an interview.

Amazon also makes deals to ensure Jassie’s personal safety.

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