Amazon’s Andy Jassy Earns $212 Million in First Year as CEO

thewrap.com:

marketing manager. Six years later, he founded AWS with a team of 57 people and helped build it into one of Amazon’s biggest profit generators.Without the boost of the stock grant, Jassy’s salary was only $175,000 and Amazon paid for security services the company valued at about $600,000.

The value of the grant was based on the price of shares at the time of the grant and the shares will vest over 10 years. For the same year, Bezos was paid $1,681,840 by Amazon, comprised of an $81, 840 salary and $1.6 million in security costs.

Other Amazon executives received handsome pay packages tied to Jassy’s promotion. Adam Selipsky, new CEO of Amazon Web Services, was paid $81.4 million, and worldwide consumer CEO Dave Clark earned $56 million.Jassy joins a number of entertainment and tech company executives receiving enormous payouts in the past year.

Thanks to a hefty new stock options package, Discovery Inc. CEO David Zaslav saw his executive compensation package increased more than sixfold to $246 million from $37.7 million in 2020, according to a company regulatory filing in mid-March.In May, Zaslav was announced as head of Warner Bros Discovery, the company created by merging Discovery Inc.