Amazon’s 4 Top Compensated Execs; Andy Jassy’s $213M Leads
From Amazon CEO Andy Jassy to Chairman Jeff Bezos, here are Amazon’s top four highest compensated executives in 2021.
No. 1: Andy Jassy
Total Compensation: $212,701,169
Amazon’s new CEO Andy Jassy reported $212,701,169 in total compensation in 2021. That total is 6,474 times the 2021 annual total compensation of $32,855 that the median compensated employee at Amazon makes, according to the regulatory reports.
Jassy is the founder and former CEO of Amazon’s AWS cloud technology business. He became President and CEO of Amazon in July 2021, replacing Amazon’s founder Jeffrey Bezos. He joined Amazon’s board of director last year. Jassy has held various executive roles at AWS and Amazon since he first joined the company in 1997.
In 2021, Jassy generated nearly $212 million in stock awards, representing over 99 percent of his total compensation. That sum represents a special grant in connection with Jassy’s promotion to president and CEO. The award vests over 10 years, “with more than 80 percent of the shares scheduled to vest between 5 and 10 years after grant, and is expected to represent most of Mr. Jassy’s compensation for the coming years,” according to the SEC filing.
Jassy’s salary last year was $175,000 with all other compensation totaling $592,000.
“Jassy’s individual qualifications and skills as a director include his customer-focused point of view, his long-term perspective, his deep understanding of Amazon’s business and culture, his in-depth knowledge of human capital management issues, including oversight of workplace environment and culture, administration of diversity and inclusion initiatives, and implementation of policies and practices to promote employee engagement and effectiveness, and his ongoing contributions as President and CEO,” said Amazon in its filing this week.