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Amazon’s new CEO Andy Jassy to get over $200 million in stock

Shortpedia

Content Team
Image Credit: Shortpedia

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. Amazon will record the grant of 61,000 shares on July 5, the filing said. That`s the date Jassy succeeds Jeff Bezos in the online retailer`s first CEO transition since its founding in 1994. As of Friday`s close, those shares are worth about $214 million.