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Amazon's new CEO made $1.3 billion in first-year basic salary of just $1.1 million

via:凤凰网     time:2022/4/2 8:03:52     readed:116


Amazon CEO Jassie

Phoenix Network Technology News Beijing time on April 2 news,Amazon CEO Andy Jassy received a $212.7 million salary in 2021, his first year as CEO of the tech and e-commerce giant.

Most of his compensation comes from stock awards, totaling $211.9 million. According to Amazon's proxy statement to the U.S. Securities and Exchange Commission (SEC), the 61,000 shares that make up the stock award are a special reward he receives when he is promoted to president and CEO of Amazon.

In February 2021, Jassy was named CEO of Amazon, succeeding the company's founder, Jeff Bezos(Jeff Bezos)。 Bezos announced the transition from CEO to Executive Chairman. Jassy officially took office in early July of that year.

Amazon said more than 80 percent of the shares Jassy was granted will be attributed within the next 5 to 10 years. The stocks are expected to represent most of Jassie's compensation in the coming years. "In the face of the first CEO succession in the company's history," Amazon said, "the company's compensation committee decided that it was important to provide clarity and stability through a reward designed to establish a long-term owner perspective and encourage bold, long-term initiatives." ”

Amazon said that in developing Jassy's compensation structure, they took into account the compensation data of CEOs at big tech companies and other companies, as well as one-time rewards for CEO promotions.

Jassy's base salary for 2021 is $175,000 (about 1.1 million yuan), the same as when he was head of AWS for Amazon's cloud computing business in 2020. In 2020, his total compensation was $35.8 million. Amazon recently more than doubled its maximum base salary to $350,000.

By comparison, Bezos' total compensation in 2021 is about $1.7 million. Over the years, his salary has remained largely unchanged, mainly to pay for his security.

The change in Amazon's CEO marks the first major leadership change in the company's history. Bezos started the company in a garage in Washington state and has been CEO ever since. (Author/Zhenyu)

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