{"id":1914254,"date":"2023-04-13T11:41:13","date_gmt":"2023-04-13T15:41:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-awarded-ceo-andy-jassy-no-new-stock-in-2022\/"},"modified":"2023-04-13T11:41:52","modified_gmt":"2023-04-13T15:41:52","slug":"amazon-awarded-ceo-andy-jassy-no-new-stock-in-2022","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-awarded-ceo-andy-jassy-no-new-stock-in-2022\/","title":{"rendered":"Amazon awarded CEO Andy Jassy no new stock in 2022"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famazon-awarded-ceo-andy-jassy-no-new-stock-in-2022%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1914254&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Amazon CEO Andy Jassy did not receive any new stock in 2022, according to a securities filing by the company. The move has notably shrunk the pay gap between Jassy and Amazon\u2019s rank-and-file employees. The filing revealed that Jassy took home a similar amount from his own earlier grants, while the company awarded more than $40 million each to the recently elevated CEOs of its e-commerce and cloud businesses. The ratio of Amazon\u2019s median employee pay globally to Jassy was 1 to 38 in 2022, reflecting a stark decrease from the previous year\u2019s ratio of 1 to 6,474.<\/p>\n<p>Amazon has been forced to cut costs amid inflation and recession fears, leading to its decision to cut jobs and some stock awards. Meanwhile, union officials and US politicians have criticized the compensation given to CEOs such as Jassy, who presides over a workforce of 1.5 million people, the majority of whom work in warehouses. Amazon said its median full-time pay in the US was $41,762. <\/p>\n<p>Jassy\u2019s 2021 award was said by the company to be \u201cintended to represent most of his compensation for the coming years,\u201d and was originally worth $214 million. As such, Amazon had no plans to award any new stock in 2023 or the following year. Although the award has slumped in value since 2021, Jassy still received $31.9 million from older, recently-vested grants in 2022. <\/p>\n<p>Reporting by Jeffrey Dastin, Editing by Sonali Paul<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jeffrey Dastin (Reuters) \u2013 Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer\u2019s top boss and rank-and-file employees, the company said Thursday in a securities filing. At the same time, it awarded more than $40 million each to the recently<\/p>\n","protected":false},"author":66,"featured_media":1914255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[3990,4558,4095,9701,3850,24297,4359],"class_list":["post-1914254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-3990","tag-amazon","tag-andy","tag-awarded","tag-ceo","tag-jassy","tag-stock"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1914254"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1914255"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1914254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1914254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1914254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}