Amazon andy jassy ceo10/19/2023 ![]() 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. I look forward to watching and cheering you on as a friend and alumni in the years ahead.Account icon An icon in the shape of a person's head and shoulders. Thank you for letting me be a part of the Amazon story. I leave knowing that the leaders in the Consumer business are world class and will take the next phase of Amazon to remarkable levels of success. We also have a solid multi-year plan to fight the inflationary challenges we are facing in 2022. We have a great leadership team across the Consumer business that is ready to take on more as the company evolves past the customer experience challenges we took on during the COVID-19 pandemic. For some time, I have discussed my intent to transition out of Amazon with my family and others close to me, but I wanted to ensure the teams were setup for success. As much as I have loved the ride, it is time for me to say goodbye to start a new journey. For me there has been no greater company to hone those skills than here at Amazon. I am a builder at heart – it’s what drives me. Thank you for making it so much fun to come to work every day to build cool, amazing things for customers. To everyone I had the honor of working with over the years, thank you. The successes we enjoyed over the years were a direct result of Amazonians coming together from across the company to deliver the best experience possible to our customers. Success is rarely achieved alone and this was absolutely true for me at Amazon. ![]() The quality of the people at Amazon has truly been our secret sauce. It has been my privilege to work with some of the best people anywhere in the world over the past 23 years. Amazon was on the opposite side of the country from where I had spent my life up to that point, but I loaded up the truck and headed west. They were also some of the most eclectic and fun people I had ever met from any company. They were brilliant people – builders who were intent on changing the world through their work. I was drawn to the opportunity at Amazon because of the people I met when I came to Seattle. ![]() We were a small company with only six fulfillment centers that year, but growing fast. Twenty-three years ago, I took what felt like a big personal bet when I joined Amazon out of grad school. Please feel free to cascade to your leaders and teams. While change is never easy, I’m optimistic about the plan that the Consumer team has built and have confidence that if we stay focused on executing it, we’ll deliver the right experiences for customers and results for the business. I expect to be ready with an update for you over the next few weeks. ![]() To that end, we’re trying to be thoughtful in our plans for Dave’s succession and any changes we make. The past few years have been among the most challenging and unpredictable we’ve faced in the history of Amazon’s Consumer business, and I’m particularly appreciative of Dave’s leadership during that time.Īs we shared last week during our annual shareholder meeting, we still have more work in front of us to get to where we ultimately want to be in our Consumer business. Please join me in thanking Dave for his many accomplishments over the years at Amazon and especially for what he’s delivered for customers. He’s led teams who’ve designed several generations of FCs, built out Amazon’s transportation network from scratch, and has developed significant talent throughout the organization. Dave has had an increasingly large impact across the company, starting as an Operations Manager in Kentucky, growing to a GM in the Northeast, stepping up to lead WW Operations, and then eventually leading all of WW Consumer. His last day in the office will be July 1.ĭave joined our Operations Pathways Program in May 1999-just a day after graduating from his MBA program-and he took the leap from teaching music to helping us build and scale our Consumer Operations. After 23 years with Amazon, Dave Clark has decided to leave the company to pursue other opportunities.
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