![]() ![]() While he still makes much more than other Amazon employees, the value of his compensation package has shrunk significantly. With a salary of $1.3 million this year, Jassy now makes 38 times more than employees with a median total compensation of $34,195. 9 after receiving his new-hire award of $212 million, which is 6,474 times that of employees with median pay of $32,855. Jassy first made As You Sow's list of the "100 Most Overpaid CEOs" in 2022, coming in at No. On top of that, part of his shares awarded the year before won't vest until this year, while the rest will vest between 2026 and the end of 2031. The decrease in compensation, according to Amazon, partly stemmed from not receiving a stock grant last year. It often indicates a user profile.Īmazon CEO Andy Jassy will likely fall off the 2023 list of the most overpaid CEOs, according to a manager at the shareholder advocacy group As You Sow.Īmazon's recently filed proxy statement showed Jassy's total pay dropped from $212 million in 2021 to $1.3 million. Please join me in congratulating Doug and John.Account icon An icon in the shape of a person's head and shoulders. If you believe that equation will change over time (which I do), there’s *a lot* of potential for us as we continue to be laser-focused on providing the best customer experience (broadest selection, low prices, fast and convenient delivery) while working on our cost structure to have the right long-term business. It’s worth remembering that Amazon currently only represents about 1% of the worldwide retail market segment share, and 85% of that worldwide market segment share still resides in physical stores. I remain very optimistic about our Stores business, and believe we’re still in the early days of what’s possible. This is a very strong and experienced leadership team. While many corporations are able to largely stay out of the political landscape. Jeff Bezos, who has served as the CEO of Amazon since founding the company exactly 27 years ago on July 5th, 1994, has officially stepped down from the role. John will report to Doug, as will Russ Grandinetti (International Stores), Christine Beauchamp (North America Stores), Tony Hoggett (Physical Stores), Dave Treadwell (eCommerce Foundation), Neil Lindsay (Pharmacy/AmazonCare/Healthcare), Dharmesh Mehta (Selling Partner Services), Peter Larsen (Buy with Prime), and Pat Bajari (Chief Economist). The former Amazon Web Services head, Andy Jassy took over the CEO role at Amazon on July 5 from founder Jeff Bezos. John has strong end-to-end knowledge of our Fulfillment network, operates with an important mix of strategic thinking and a command of the details that matter most in our network, is right a lot, and is a strong team builder who is dedicated to making Amazon a great place to work for our employees. ![]() ![]() In 2018, John moved to Worldwide Operations to become the VP of Global Customer Fulfillment and in 2019, he took over the newly formed Global Delivery Services group, encompassing global import/export, Amazon Logistics, and our last-mile delivery services. John has been at Amazon for nearly 18 years, spending 12 years in Retail and Operations finance leadership roles. I think Doug will do great things for customers and employees alike, and I look forward to working with him in this leadership role.Īs part of this organizational change, Doug and I are pleased to share that the Operations organization will be united under a single leader, John Felton. He’s also a terrific inventor for customers, thinks big, has thoughtful vision around how category management and ops can work well together, is a unifier, is highly curious, and an avid learner. Amazon CEO Andy Jassy said Tuesday the company could do more to treat employees better and acknowledged one of its approaches to worker safety during the coronavirus pandemic fell short. He is a builder of great teams and brings substantial retail, grocery, demand generation, product development, and Amazon experience to bear. Doug and I have worked together on S-team since 2011. ’s new chief executive, Andy Jassy, set to replace founder Jeff Bezos, is a long-time Amazon executive who has worked at the company since 1997. He joined the company in 2005 to build out our Consumables business, launched AmazonFresh in 2007, and in 2015, took on leading all of our North American Consumer business. Amazon founder Jeff Bezos handed over the reins to Andy Jassy, former CEO of Amazon Web Services, the group’s most profitable business unit.Highly respected, Jassy is said to be the brains behind Amazon Web Services and has worked side-by-side with Bezos for decades. I’m excited to share that Doug Herrington will become the new CEO of our Worldwide Amazon Stores business (formerly known as “Consumer”). ![]()
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