Key Points
Amazon CEO Andy Jassy's total pay was reduced last year by a big margin in comparison to his 2021 income..
According to the company's annual proxy statement filing, the executive got a total pay of $1.3 million (around Rs 10 crore) in 2022, which includes a $317,500 base salary and $981,000 in 401(k) plan contributions and security costs..
This is a 99 percent drop from the total $212,701,169 pay that he received back in 2021 after he got promoted to Amazon's CEO position...
He got nearly $211 million in stock awards in the year 2021, but "they will take 10 years to vest and are intended to represent most of his compensation for the coming years," Business Today reported citing Amazon's May 2022 regulatory filing...
He revealed that Amazon took a "deep look across the company, business by business," to analyse if "each initiatives long-term potential (will) drive enough revenue, operating income, free cash flow, and return on invested capital."..
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