{"id":289896,"date":"2021-07-03T00:43:32","date_gmt":"2021-07-02T21:43:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-to-grant-new-ceo-andy-jassy-over-200-million-in-stock\/"},"modified":"2021-07-03T00:43:32","modified_gmt":"2021-07-02T21:43:32","slug":"amazon-to-grant-new-ceo-andy-jassy-over-200-million-in-stock","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-to-grant-new-ceo-andy-jassy-over-200-million-in-stock\/","title":{"rendered":"#Amazon to grant new CEO Andy Jassy over $200 million in stock"},"content":{"rendered":"

“#Amazon to grant new CEO Andy Jassy over $200 million in stock<\/strong>”<\/p>\n

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Amazon plans to award incoming Chief Executive Andy\u00a0Jassy\u00a0more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.<\/p>\n

Amazon will record the grant of 61,000 shares on July 5, the filing said, the date that\u00a0Jassy\u00a0succeeds Jeff Bezos in the online retailer\u2019s first CEO transition since its founding in 1994.<\/p>\n

The award\u2019s exact value will depend on how the shares are trading when they pay out in future years, encouraging\u00a0Jassy\u00a0to grow a company that\u2019s worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away.<\/p>\n

Jassy\u2019s base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year, and he had $41.5 million in shares that vested in 2020.<\/p>\n

That\u2019s still smaller than rival CEOs in the technology<\/a> industry. Microsoft\u2019s Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, a filing showed. App<\/a>le\u2019s Tim Cook had $281.9 million in stock vest, according to its 2021 proxy.<\/p>\n

And Bezos, despite a smaller salary, has been the world\u2019s richest person thanks to his being the largest shareholder in Amazon.<\/p>\n

\"Microsoft's
Other Big Tech CEOs, like Microsoft\u2019s Satya Nadella (left) and Apple\u2019s Tim Cook (right, with China\u2019s Internet czar Lu Wei standing between them at a 2015 Microsoft event) remain more highly compensated than Amazon\u2019s incoming CEO Andy Jassy.<\/figcaption>
AP<\/span><\/figcaption><\/figure>\n

The company plans to stop its prior biannual stock grants to\u00a0Jassy, aiming for the award disclosed Friday to represent most of his compensation for the coming years, a person familiar with the matter told Reuters.<\/p>\n

Amazon also will make arrangements to provide for\u00a0Jassy\u2019s personal security, according to the filing.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Amazon to grant new CEO Andy Jassy over $200 million in stock” Amazon plans to award incoming Chief Executive Andy\u00a0Jassy\u00a0more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing…<\/p>\n","protected":false},"author":1,"featured_media":289897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/jassy-gets-200m-amazon.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[110930,2758,11154,71245],"class_list":["post-289896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-2-21","tag-amazon","tag-ceos","tag-executive-compensation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=289896"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/289897"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=289896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=289896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=289896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}