Almost all of Jassy’s compensation comes in the form of stock options that will vest over 10 years, according to the filing. Jassy’s compensation for 2021 represents a sixfold increase in his salary in 2020, when he was president of Amazon AWS, the for-profit cloud computing arm.
Gacy became Amazon CEO last summer, replacing Jeff Bezos, who remains CEO of Amazon’s board but has stepped down as CEO to focus on his space-faring company Blue Origin and other projects. Bezos’ pay has remained unchanged at nearly $1.7 million, even though his holdings of Amazon stock make him the second richest person in the world. Bloomberg Billionaires Index.
Amazon’s disclosure came significantly On the same day that workers work On Staten Island, New York, the warehouse made history by voting to form the first American union in the tech giant’s 27-year history. It also comes amid a separate union election vote count at an Amazon warehouse in Bessemer, Alabama, concluding Thursday with the results of the vote. Too close to call The number of ballots challenged by the Federation or Amazon is large enough to affect the final results.
Huge stock awards are no stranger to new CEOs as they are meant to instantly give CEOs a greater stake in companies’ performance. For example, when Sundar Pichai took over as CEO of Alphabet’s parent company Google in 2019, he received one-time stock awards that accrue over time a total of about $240 million, according to SEC Company Profile. However, Pichai did not receive any stock compensation as part of his compensation in 2020, per subsequent deposit.