Amazon paid out more to Jeff Bezos than its actual CEO in 2024

Date:
Mon, 14 Apr 2025 18:33:00 +0000

Description:
Jeff Bezos received $1.6 million in security costs in 2024, even though his salary was only $81,840.

FULL STORY ======================================================================Amazon reports reveals former CEO payments Current CEO Andy Jassys salary was $365,000 in 2024, Bezos was $81,840 The average Amazon wage was $37,000 in 2024

Amazon paid out more to Jeff Bezos than its current CEO, Andy Jassy in 2024, but this doesnt mean the founder had a higher salary to live off.

In fact, Jassys salary amassed to around 4.5x more than Bezos - $365,000 compared with $81,840 - but where the two leaders differed was in other allowable expenses and costs.

Bezos had been awarded $1.6 million in security costs in 2024, with the company defending high security expenses due to the former CEOs low salary
and company benefits. Jeff Bezos continues to cost Amazon millions

Amazon CEO Andy Jassy, together with CFO Brian Olsavsky, Amazon Stores CEO Douglas Herrington and Chief Global Affairs & Legal Officer David Zapolsky received $365,000 in salary, a figure unchanged from the year before. AWS CEO Matt Garman received a slightly smaller $358,750 package.

Defending its decision to compensate Jassy a further $1.2 million, plus tens of thousands for other C-suite execs, the company noted: We believe that all Company-incurred security costs are reasonable and necessary and for the Companys benefit.

The 2024 annual total compensation of our median compensated employee (identified from all full- and part-time permanent and temporary employees worldwide, excluding our CEO) was $37,181, Amazon also noted.

Other topics covered in the Annual Meeting of Shareholders included the request for alternative emissions reporting, additional reporting on the impact of data centers and climate commitments, and a report on packaging materials.

The board voted against all three requests, noting existing transparency, adherence to protocols and guidelines and work thats already been done.

Full details of the meeting can be found in Amazons Notice of 2025 Annual Meeting of Shareholders & Proxy Statement . You might also like Fancy a change? Here are the best job sites and best recruitment platforms Earn more by upskilling with the best online learning platforms Microsoft cuts hundreds of UK jobs even as profits soared



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Link to news story: https://www.techradar.com/pro/amazon-paid-out-more-to-jeff-bezos-than-its-actu al-ceo-in-2024


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