Tech Planet April 2 news that Amazon CEO Andy Jassy received a salary worth $212.7 million in 2021, his first year as CEO of the technology and e-commerce giant.
Most of his compensation comes from stock awards, totaling $211.9 million. According to Amazon's proxy statement to the U.S. Securities and Exchange Commission (SEC), the 61,000 shares that make up the stock award are a special reward he receives when he is promoted to president and CEO of Amazon.
In February 2021, Jassy was named CEO of Amazon, succeeding the company's founder, Jeff Bezos. Bezos announced the transition from CEO to Executive Chairman. Jassy officially took office in early July of that year.
By comparison, Bezos' total compensation in 2021 is about $1.7 million. Over the years, his salary has remained largely unchanged, mainly to pay for his security. (Phoenix.com)