Amazon CEO Andy Jassy Pay Hit $212.7 Million in 2021, up Nearly Six Times From Prior Year
variety.comTodd Spangler NY Digital EditorAmazon chief executive officer Andy Jassy’s compensation last year totaled $212.7 million, a nearly sixfold increase from his pay package in 2020 when he headed the tech giant’s AWS division.Virtually all of Jassy’s 2021 comp — $211.9 million — was in restricted stock that vests over the next 10 years, according to Amazon’s proxy statement filed Friday.
His base salary was $175,000, unchanged from the two prior years; in addition, Amazon paid $589,149 in security expenses for the CEO.Founder Jeff Bezos, who assumed the role of executive chair when Jassy took the helm July 5, earned a salary of $81,840 last year, the same as the two years prior, per Amazon’s filing.
His pay package also included $1.6 million for security paid by the company. Bezos, who owns about 12% of Amazon’s stock, currently has a net worth of $189 billion.
The Amazon board’s compensation committee said in the filing that it intends for Jassy’s stock award, which vests through 2031, “to serve as a long-term incentive for Mr.
Read more on variety.com
