Amazon’s longtime chief executive Andy Jass, who became the company’s chief executive last summer, received a total compensation of $ 212.7 million in 2021, according to a SEC filing.
The payout package, in the form of nearly all of these stock awards, was about six times what he received in 2020, $ 35.8 million. Jassi was previously CEO of the tech giant’s web services division.
In a statement, Amazon said Jas was awarded $ 211.9 million in stock when he was promoted to CEO in July 2021. The award has lasted for more than 10 years “and is likely to represent the majority of the CEO “. for years to come, “the company said. If Jasi had left Amazon before the end of this 10-year period, he would not have had a contractually guaranteed principal balance.
Amazon’s business flourished during the Corovirus pandemic and continued to thrive as much of the world began to emerge from the shadow of Covid. The company recently established a 20-1 stock split and $ 10 billion share purchase. Shareholders must approve the demerger at the company’s annual meeting scheduled for May 25th.
As the pay of technical and media executives increased in 2021, nine-figure packages are no longer rare. Discovery CEO David Zaslav and Endeavor boss Ari Emanuel are the two recipients of the latest big payouts, although their announced compensation is tied to the stages of the title’s performance.
Amazon co-founder and CEO Jeff Bezos handed over the baton to Jass last year, but he remained president. His total year-over-year compensation remained at around $ 1.7 million. He has a 10% stake in Amazon, but has also made billions by selling recent stocks.
Adam Selipsky, who joined Amazon last year and replaced Jasy as head of AWS, made $ 81.5 million in 2021. David Clark, CEO of the Global Consumer Division, saw his salary increase from 56 million dollars to 46.3 million dollars in 2020.
CFO Brian Olsawski’s compensation has gone in the opposite direction to that of his senior colleagues. In 2020 he received $ 17.2 million, but his total salary dropped to $ 163,200 in 2021.
Source: Deadline
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