![]() ![]() Jassy declined to comment on Amazon's appetite for "Sunday Ticket," but he said the company has a "very important partnership" with the NFL, citing AWS' previous agreements with the league. Sources told CNBC that Amazon has a serious interest in the National Football League's "Sunday Ticket" and is in talks with the league about the package. Hundreds of millions of people are now watching Amazon's original content, said Jassy, in one of his first interviews since taking the reins as CEO from founder Jeff Bezos.Īmazon has increasingly set its sights on live sports content as it hopes to hook more viewers and convert them into Prime subscribers. The company has also been aggressively ramping up its investments in media and entertainment, with $11 billion spent on content for its streaming video and music services in 2020, up from $7.8 billion the year prior.Īmazon's "Lord of the Rings" television series, expected to debut in September 2022, will cost at least $465 million for the first season, an unprecedented budget for a streaming show. Personal Loans for 670 Credit Score or LowerĪmazon in May announced it would acquire MGM Studios for $8.45 billion, in a move broadly viewed as underscoring the company's growing ambition in Hollywood. Personal Loans for 580 Credit Score or Lower Expedia declined to comment.Best Debt Consolidation Loans for Bad Credit “For these reasons, we do not believe that the CEO pay ratio is a meaningful comparison as it does a poor job measuring employment and compensation in the retail sector because of the number of part-time and seasonal employees who work throughout the industry as well as the millions of indirect jobs that depend on the retail industry.” Warner Bros. They added that the company does not annualize their compensation when determining the CEO pay ratio, they pay their associates competitively, and retail work provides a ladder of opportunity. told Fortune that the majority of their store employees were part time, and under the age of 23. In a comment to Fortune, an Amazon spokesperson says Jassy’s 2021 pay package and what it “equates to from an annual compensation perspective is competitive with that of CEOs at other large companies.” Gap Inc. “The vagueness of the statement and lack of commitment, in our opinion, provide little assurance to shareholders concerned with excessive pay.” Jassy’s compensation for the coming years,’” Glass Lewis said in its report. Jassy’s award considering the vesting period is $21.4 million, reasonable but for the fact that the company only stated that the award is ‘intended to represent most of Mr. In its own report the same month, Glass Lewis flagged Jassy’s pay as “excessive” and said shareholders ought to be concerned about further hikes. “The compensation program lacks any connection to objective, pre-set performance criteria.” Jassy has said Amazon's strategy in physical grocery is to find a. ![]() ![]() “The value of the new CEO’s $214 million award is excessive in the context of an internal promotion,” ISS wrote in a May report shared with clients, the Financial Times reported. Earlier this year, Amazon said it would close some Fresh and Go stores as part of CEO Andy Jassy's effort to rein in costs. ![]() Two shareholder advisory firms, Institutional Shareholder Services and Glass Lewis, advised shareholders to vote against it, ahead of the company’s annual meeting on May 25. Expedia’s Peter Kern, Gap Inc’s Sonia Syngal, and Yum Brands’ David Gibbs stepped into their roles in 2020.īut Jassy’s compensation package was not without controversy. He replaced Jeff Bezos as Amazon’s president and CEO in July 2021 after previously having run the company’s cloud computing division for 15 years. Jassy also stands out from his peers in that group by having served the shortest amount of time in the top job. And in total, 25 Fortune 500 companies gave their CEOs over 1,000 times what their typical employees made in 2021. Celebrates is probably not the operative word. Discovery, Expedia, Gap Inc., ManpowerGroup, McDonald’s, TJX Companies, and Yum Brands. David Ryder Bloomberg Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. But seven companies gave their CEOs pay packages last year worth more than 2,000 times the median worker’s salary: Warner Bros. No other Fortune 500 company comes close to Amazon’s CEO-to-worker pay ratio. By comparison, the median CEO compensation at Fortune 500 companies was 205 times a typical worker’s annual salary in 2021.Īmazon made clear in the filing that Jassy’s high pay was because of a special restricted stock award tied to his promotion to CEO that year. Jassy received nearly $213 million in compensation in 2021-6,474 times his median worker’s salary of $32,855, according to Amazon’s proxy statement filed with the Securities and Exchange Commission in April. ![]()
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