Amazon CEO Andy Jassy’s 2022 Take Home Pay Plunges to $1.3 Million

thewrap.com:

his annual letter to shareholders warned that the money machine that is Amazon Web Services is slowing down.Jassy earned $1.3 million in 2022, including a salary of $317,500, and $981,223 in stock awards for his 401(k) plan, along with perks like personal security, Amazon said in its annual proxy statement.That total paled in comparison to the $212.7 million he received in 2021, the majority of which was in the form of a special grant of stock in connection with Jassy’s promotion to CEO in July that year.

The stock grants will take 10 years to vest and are expected to represent most of his compensation in coming years, the company said in its 2021 proxy.Amazon founder and executive chair Jeff Bezos took home $1.68 million, including a salary of $81,840 and $1.6 million in perks like personal security in 2022.

Bezos receives no stock-based compensation, but owns about 10% of the company, which currently has a market capitalization of $4.996 trillion.The details were revealed in the proxy statement, which is sent out to all shareholders ahead of the company’s annual meeting, set for May 24.

Shareholders will approve the company’s plans for executive pay, and vote on a host of proposals, including 18 submitted by shareholders — an unusually large number — that delve into how the company addresses issues from unionization and animal welfare to the environmental impact of packaging materials.Separately, in his letter to shareholders, Jassy said 2022 brought “an unusual number of simultaneous challenges” to Amazon amid “one of the harder macroeconomic years in recent memory.”Jassy noted that Amazon has experienced much change, and led a great deal, during the 25 years he’s spent with the company.