Andy Jassy found $ 214m in the pockets of Amazon in the possession of Jeff Bezos

Amazon CEO Andy Jassy is expected to receive a package worth more than $ 200m takes responsibility from Jeff Bezos as chief executive Monday.

In a written statement Friday, the company said it had approved a share of 61,000 shares – to be distributed over the next 10 years – and appointed a 53-year-old to the company’s governing body.

Jassy has always been Amazon since 1997, and is stepping down from his role as AWS chief executive, the Amazon cloud, which he has led since its inception in 2006.

He will take over the reins on July 5, the 27th anniversary of the company’s inauguration, for the first change of leadership in Amazon.

Bezos will be the main chair, and he said he wants to spend more time doing his thing, e.g. walking in the air and ownership of The Washington Post.

Amazon’s stock ended the week at $ 3,510.98, thanks to Jassy’s prize at over $ 214m. However, the price can be very high given all: in the last 10 years, the price of Amazon stocks has increased by more than 1,500%. Its market share here is at $ 1.77tn.

Jassy’s award is coming in addition to the 88,538 shares they already have, according to S&P Capital IQ, and 48,756 who had not received it by the end of 2020.

A connection has already been made Jassy the second largest shareholding company, in the background Bezos, valued at $ 176bn.

Amazon did not name any goals related to the award. A spokesman for the company declined to comment.

The revenue stream is the same as for Big Tech executives who enter higher-level jobs. In 2012 Apple awarded Tim Cook 1m in the banned categories, which at the time was $ 376m, replacing Steve Jobs.

In 2019 Sundar Photosi was awarded shares with $ 276m worth of shares and choices in Google Alphabet, based on hitting goals.

Satya Nadella, who was named Microsoft’s chief executive in 2014, received $ 59m, which also applies.

Additional reports of Richard Waters in San Francisco

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