purchasing more than 300 million items and saving more than 1.7 billion. Since Andy Jassy took over, Amazon has lost almost half of its market valuation. particularly improving the productivity of our fulfillment network, said Andy Jassy, Amazon CEO. Amazon CEO Andy Jassy has been aggressively slashing costs across the company as the e-retailer reckons with an economic downturn and slowing revenue growth. Amazon’s market cap was at a peak level when Jeff Bezos stepped down in July 2021. Apple CEO Tim Cook came close to nine figures, earning $98.7 million last year. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022. Endeavor CEO Ari Emanuel’s compensation package topped $300 million, thanks to a stock grant tied to the company’s IPO (Endeavor’s Patrick Whitesell also earned more than $100 million), while Discovery CEO David Zaslav received $246 million in part due to his work on the Discovery-WarnerMedia merger. Jassy joins a surprisingly crowded list of CEOs with entertainment ties to receive nine-figure pay packages last year. Compensation for Amazon’s entertainment executives was not disclosed. Following is the unofficial transcript of a CNBC exclusive interview with Amazon CEO Andy Jassy on CNBCs 'Squawk Box' (M-F, 6AM-9AM ET) today, Thursday, April 13 th. The company picked that date because it marks 27 years to the day that. New Amazon Web Services CEO Adam Selipsky was paid $81.4 million, with worldwide consumer CEO Dave Clark earning $56 million. Andy Jassy will officially become the CEO of Amazon on July 5th, the company announced at a shareholder meeting on Wednesday. Other Amazon executives also saw substantial paydays tied to new roles with the company because of Jassy’s promotion. As one of the world’s richest men and the owner of more than 12 percent of Amazon, Bezos did not receive any other stock compensation during his time with the company. Jassy was named Amazon CEO last February, succeeding Amazon founder Jeff Bezos, who remains executive chairman of the company.īezos, as it happens, was paid $1,681,840 by the company, consisting of a $81,840 salary, and $1.6 million in security costs. The Best Black Friday Deals on Amazon's Best-Selling Tablets, Smart TVs, Security Cameras and More As with similar stock grants, the value was based on the price of the shares at the time of the grant. Jassy’s salary was a modest $175,000, and the company paid for security services it valued at nearly $600,000, with the rest of the pay in the stock grant. The enormous $212.7 million compensation package for Jassy, disclosed in a proxy filing Friday, was almost all due to a stock grant tied to him being promoted to the CEO role as of July. In his first year on the job, Amazon CEO Andy Jassy received a pay package that totaled more than $212 million, making him another executive with ties to entertainment to receive a nine-figure payday.
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