Andy Jassy usually starts his keynote at Inc. And the way Mr Jassy has relentlessly developed AWS is. “It’s like winning the prize for the race before the race is won.”Īmazon plans to stop its prior biannual stock grants to Jassy, aiming for the latest award to account for most of his compensation in the coming years, a person familiar with the matter said. Andy Jassy Steps In as Amazon's New CEO By Matt Day Jat 3:00 AM PDT This article is for subscribers only. Mr Jassy, who founded AWS in 2003, nurtured this side-bet of Amazons into a money-spinner - and became the obvious successor to Mr Bezos. “It is rewarding compensation a little prematurely,” Coffee said. Coffee Jr., director of the Center on Corporate Governance at Columbia Law School. Stock grants can be more appropriate for startups than for established companies like Amazon, said John C. Andy Jassy on stage at the 2022 New York Times DealBook on. Some governance experts have criticized such pay schemes because they reward executives irrespective of whether they achieve corporate milestones. Amazon CEO Andy Jassy just closed on his 3.9 billion acquisition of One Medical as he makes a major play for the health care business. Apple Inc's Tim Cook had $281.9 million in the stock vest, according to its 2021 proxy. Microsoft Corp's Satya Nadella had $215 million in the stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, for instance. Jassy's vested equity was still smaller than payouts to rival CEOs in the technology industry.
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