According to the filing, almost all of Jassy’s compensation is in the form of stock options that vest over a period of 10 years. Jassy’s 2021 compensation is a sixfold increase from his 2020 salary when he was head of Amazon’s profitable cloud computing arm, AWS.
![Amazon workers in the New York camp could vote to create the company's first US union]()
Jassy became Amazon’s CEO last summer, replacing Jeff Bezos, who continues to serve as Amazon’s chairman of the board but stepped down as chief executive to focus on his space company, Blue Origin, and other ventures. Bezo’s salary remained flat at nearly $1.7 million, though his holdings in Amazon stock make him the second richest person in the world, according to the Bloomberg Billionaires Index. Notably, Amazon’s disclosure came on the same day that workers at a warehouse on Staten Island, New York, made history by voting to form the first US union in the tech giant’s 27-year history. It also comes amid a separate count of votes for the union election at an Amazon warehouse in Bessemer, Alabama, which ends Thursday with the results of the vote too close to tell — given the number of ballots that being challenged by either the union or Amazon is large enough to sway the final results. Massive stock awards are not uncommon for new CEOs, as they are intended to immediately involve executives even more in the company’s success. For example, when Sundar Pichai took over as CEO of Google’s parent company Alphabet in 2019, he received a total of about $240 million in one-time stock awards that vest over time, according to a company SEC filing. However, Pichai did not receive stock awards as part of his compensation in 2020, according to a later filing.
