Amazon CEO Andy Jassy's pay package was US$212m in 2021

[NEW YORK] Amazon.com chief executive officer Andy Jassy received compensation valued at about US$212 million in 2021, the company said, a sum that reflects the big stock award he received after taking over the company.

Jassy, who took the reins from Amazon founder Jeff Bezos in July, was paid a base salary of US$175,000, unchanged from the prior year, the online retailer said in a securities filing Friday.

The vast majority of his compensation came in the form of a stock award of 61,000 shares, first disclosed last year, which vests between 2023 and 2031. That award "is expected to represent most of Jassy's compensation for the coming years," the Seattle company said.

Bezos, who is executive chairman, drew his custom salary of US$81,840, along with US$1.6 million in other compensation, which is primarily to cover the cost of his security detail.

Adam Selipsky, Jassy's successor as the chief of the Amazon Web Services cloud computing unit, was the company's second-highest paid executive, after Jassy. Selipsky received about US$81 million. Almost all of that reflects a stock grant that vests over five years.

Dave Clark, who oversees Amazon's retail and logistics operation as Worldwide Consumer CEO, was paid US$56 million, including a stock award he received upon his promotion to that role. BLOOMBERG