×
35
Fashion Jobs
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
Permanent · Ho Chi Minh City
L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · HO CHI MINH CITY
CROCS
[Heydude] [Footwear] Commercialization & Engineering Manager (North, Central, South Vietnam)
Permanent · NORTH CENTRAL COAST
CROCS
[Footwear] (sr.)Restricted Substance & Testing Engineer
Permanent ·
TAPESTRY
Director, Material Sourcing - Hardware
Permanent · Ho Chi Minh City
ADIDAS
Intern, Materials Operations Apparel
Internship · HO CHI MINH CITY
ADIDAS
Intern, Supply Planning Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Manufacturing Excellence Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Quality Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Manufacturing Excellence Apparel
Internship · HO CHI MINH CITY
ADIDAS
Intern, Development Apparel
Internship · HO CHI MINH CITY
ADIDAS
Associate, Brand Communication & Sport Marketing (Pooling)
Permanent · HO CHI MINH CITY
COLUMBIA SPORTSWEAR COMPANY
Senior cr Specialist
Permanent ·
PUMA
Engineer Manufacturing Development & Quality Assur…
Permanent · Ho Chi Minh City
PHV
Senior Order Management Analyst
Permanent · Ho Chi Minh City
COLUMBIA SPORTSWEAR COMPANY
Senior Merchandiser - Apparel (Outerwear And Sportwear)
Permanent ·
COLUMBIA SPORTSWEAR COMPANY
Temp Accountant
Fixed-term ·
ADIDAS
Senior Footwear Designer
Permanent · HO CHI MINH CITY
ESTÉE LAUDER
Execution Demand Planning Executive
Permanent · Ho Chi Minh City
By
Reuters API
Published
Jul 3, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon to grant new CEO Jassy over $200 million in stock

By
Reuters API
Published
Jul 3, 2021

Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.


Incoming Amazon CEO Andy Jassy - Photo: Reuters



Amazon will record the grant of 61,000 shares on July 5, the filing said, the date that Jassy succeeds Jeff Bezos in the online retailer's first CEO transition since its founding in 1994.

The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away.

Jassy's base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year, and he had $41.5 million in shares that vested in 2020.

That's still smaller than rival CEOs in the technology industry. Microsoft Corp's Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, a filing showed. Apple Inc's Tim Cook had $281.9 million in stock vest, according to its 2021 proxy.

And Bezos, despite a smaller salary, has been the world's richest person thanks to his being the largest shareholder in Amazon.

The company plans to stop its prior biannual stock grants to Jassy, aiming for the award disclosed Friday to represent most of his compensation for the coming years, a person familiar with the matter told Reuters.

Amazon also will make arrangements to provide for Jassy's personal security, according to the filing.
 

© Thomson Reuters 2023 All rights reserved.