Amazon CEO Andy Jassy’s 2024 earnings hit $40.1 million, a 37% jump from the previous year’s $29.2 million. This surge is largely due to the significant increase in Amazon’s stock price. In 2024, Jassy held 211,000 Amazon shares, valued at $38.5 million, up from $27.8 million in 2023 when he owned 225,340 shares.
Breaking Down Jassy’s Compensation
Jassy’s total compensation includes:
- a fixed base salary of $365,000
- a retirement contribution of $6,900
- $1.2 million in security expenses, up from $986,164 in 2023
- $105,000 in HSR fees related to stock purchases or mergers
When Jassy took over as Amazon’s CEO in 2021, he received $212 million in stock, which vests gradually until 2031. Notably, the number of shares he received decreased over time, likely to incentivize long-term growth. In 2024, Jassy didn’t receive any new stock grants.
The ratio of Jassy’s pay to the median employee pay is 43:1, up from 37:1 the previous year. This increase is partly due to the higher security expenses and HSR fees.
To put Jassy’s compensation into perspective, other tech CEOs earned:
- Satya Nadella (Microsoft): $51.9 million, excluding stock value
- Doug McMillon (Walmart): $34.9 million
- Sundar Pichai (Alphabet/Google): $164.2 million
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