- Amazon.Com, Inc (NASDAQ:AMZN) did not offer any stock award to CEO Andy Jassy for FY22, regulatory filings disclosed Thursday. He earned $1.3 million in FY22 as CEO.
- Jassy made $211.9 million in stock awards during FY21 and $35.6 million in FY20.
- Jassy lost $148 million in FY22 compensation, mainly attributable to the 2022 decline in the value of restricted stock units scheduled to vest over the next eight years. His 2022 realized compensation declined by 25% from 2021 due to its stock price decline and fewer shares vesting compared to 2021.
- Amazon doled out $42.9 million in stock awards to Douglas J. Herrington, CEO of Worldwide Amazon Stores, and $40.8 million to Adam N. Selipsky, CEO of Amazon Web Services.
- Amazon had a rollercoaster year. Economic uncertainties and macro headwinds prompted Amazon to slash close to 27,000 jobs.
- The pay ratio of its median employee globally to Jassy was 1 to 38 in 2022, or about $34,000 compared with the CEO’s $1.3 million salary and benefits. The year prior, the ratio was 1 to 6,474, reflecting a stock grant Amazon said would take Jassy a decade to earn fully, Reuters reports.
- Union officials and U.S. politicians have long criticized CEOs’ bloated compensation relative to staff, including at Amazon.
- Amazon shares declined 37.1% last year.
- Price Action: AMZN shares traded higher by 2.83% at $100.60 on the last check Thursday.
- Photo via Wikimedia Commons
Check Out 3 Materials Stocks With Over 4% Dividend Yields From Wall Street’s Most Accurate Analysts
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
