Amazon CEO Andy Jassy Made $212.7 Million In 2021, Six Times His 2020 Pay

deadline.com:

Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made $212.7 million in total compensation in 2021, according to an SEC filing.The pay package, almost all of it in the form of a stock award, was roughly six times what he received in 2020, $35.8 million.

Jassy had previously been CEO of the tech giant’s web services division.Amazon’s business boomed during the coronavirus pandemic and has continued to thrive as much of the world has started to emerge from the pandemic.

The company recently set a 20-for-1 stock split as well as a $10 billion buyback of shares. Shareholders will need to approve the split during the company’s annual meeting, which has been scheduled for May 25.Executive compensation in the media and tech ranks appears to have risen across the board in 2021, with nine-figure packages no longer unusual.

Discovery chief David Zaslav and Endeavor boss Ari Emanuel are two recent recipients of large paychecks, though their announced compensation is tied to stock performance milestones.Amazon’s founder and longtime CEO Jeff Bezos passed the baton to Jassy last year but stayed on as executive chairman.