Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer's top boss and rank-and-file employees, the company said Thursday in a securities filing.At the same time, it awarded more than $40 million each to the recently elevated CEO
Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer's top boss and rank-and-file employees, the company said Thursday in a securities filing.
Amazon for months has grappled with inflation and recession fears that prompted its customers to tighten their budgets. Aiming to slash costs, the company said it would cut 27,000 jobs and trim some stock awards. Union officials and U.S. politicians have long criticized CEOs' outsized compensation relative to staff, including at Amazon, where the majority of its 1.5 million-person workforce labor in and around warehouses. In the United States, its median full-time pay was $41,762, Amazon said.
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