Revealing the salary of the person who replaced Jeff Bezos as Amazon CEO
According to a filing with the Securities and Exchange Commission (SEC) on Friday, Amazon CEO Andy Jassy received a $212.7 million income package for 2021. Nearly all of this was in the form of rights. stock options, valid for 10 years.
Last year’s total salary and bonus that Jassy received was 6 times higher than in 2020 – when he was in charge of Amazon’s AWS cloud computing business.
Jeff Bezos’ successor at Amazon, Andy Jassy. Photo: Reuters. |
Jassy replaces founder Jeff Bezos as Amazon CEO in the summer of 2021. Bezos continues to serve as chairman of the e-commerce giant but leaves the CEO chair to focus on space development company Blue Origin and other joint venture projects. Bezos’ income remains the same, still close to $1.7 million, but his stake in Amazon makes him the second-richest person in the world, according to Bloomberg Billionaires Index.
It’s not unusual for new CEOs to receive a large stock bonus package because it ties leadership interests to the company’s performance. In 2019, when Sundar Pichai took over as CEO of Alphabet – Google’s parent company, he was awarded one-time bonus shares totaling $240 million, according to company SEC filings.
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