Home > Brands > Amazon > Amazon Grants Jassy Huge Share Cache

Amazon Grants Jassy Huge Share Cache

Amazon has granted incoming CEO, Andy Jassy, 61,000 shares of stock worth around US$200 million. Jassy will replace Jeff Bezos as the online retailer’s second CEO, with the shares to be vested over a ten-year period.

The grant represents a financial acknowledgment of a high-priority leadership change for one of the world’s top technology companies.

Bezos founded Amazon in 1994 and is one of the world’s richest person, with a net worth of nearly $200 billion, according to Bloomberg.

You may also like
Amazon’s Lockdown Sales Start To Slow
Older Kindles To Lose Connectivity As 3G Winds Down
Intel To Make Silicon For Qualcomm, AWS
Amazon Speakers Will Soon Work With Siri
Amazon Fights To Avoid Being Classed A ‘Distributor’