363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
By
Reuters API
Published
Jul 3, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

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 2024 All rights reserved.