Friday, 24 March, 2023

New Amazon CEO Jassy to be given $200mn in stocks

<p>The new incoming CEO of Amazon, Andy Jassy will be awarded $200 mn in stocks that will payout for the next 10 years. On July 5th, the transaction of 61,000 shares will be recorded and they are currently worth around $ 214 mn. His current base salary is $ 175,000 with $45.3 mn in previously awarded stock that is vesting this year and $41.5 mn vests in 2020. Amazon plans on halting its prior biannual stock grants to Jassy.</p> <p>&nbsp;</p>