Incoming Amazon CEO Andy Jassy’s newest stock award tops $200 million. This is how his Amazon holdings compare to Jeff Bezos’.

Andy Jassy Jeff Bezos
Andrew Jassy and Jeff Bezos.

  • Amazon has granted incoming Amazon CEO Andy Jassy 61,000 shares.
  • The grant, worth about $214 million at Friday’s close, will vest over 10 years.
  • Jassy on July 5 will take the helm of the company as CEO Jeff Bezos steps down.
  • See more stories on Insider’s business page.

Incoming Amazon CEO Andy Jassy’s newest stock award totaled more than $214 million, a high-dollar payout that would vest over 10 years, but still paled in comparison with founder Jeff Bezos’ company holdings.

Amazon on Friday filed paperwork with the Securities and Exchange Commission (SEC) detailing Jassy’s newest award of 61,000 shares. Amazon stock ended the week at $3,510.98 per share, placing Jassy’s new grant just above $214 million.

Jassy’s total Amazon holdings before the award were worth about $270 million, according to an Insider analysis of his SEC filings.

He owned about 0.02% of Amazon stock, according to FactSet data reported by CNBC on Friday.

Bezos, who plans to step down as chief executive on July 5, holds about 10.3% of the company and more than 50 million shares, according to Markets Insider.

Bezos’ Amazon stake totaled about $170 billion in May. He sold about $10 billion in stock in 2020.

Wall Street analysts’ average price target for Amazon’s stock was $4,241.33, about 21% above Friday’s close, according to Yahoo Finance.

The stock ticked up 2% in after-hours trading on Friday.

Jassy sold about 460,000 Amazon shares over the last 15 years, according to Insider’s analysis. If he hadn’t sold those shares, his holdings would have been worth about $1.8 billion in February, it said.

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More than 41,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his trip to space next month

jeff bezos new shepard launch blue origin thumb 4x3
Jeff Bezos is set to launch aboard the New Shepard rocket on July 20.

  • Petitions to stop Jeff Bezos’ Earth re-entry collected more than 41,000 signatures between them.
  • The one with the most signatures is entitled: “Do not allow Jeff Bezos to return to Earth.”
  • Bezos will fly into space on July 20 for Blue Origin’s first human flight of New Shepard rocket.
  • See more stories on Insider’s business page.

More than 41,000 people have signed petitions calling to stop Jeff Bezos from returning to Earth after he blasts into space next month.

Bezos, founder of space-exploration firm Blue Origin, said on June 7 that he and his brother Mark Bezos will fly into space aboard the New Shepard rocket on July 20 – the company’s first human flight.

Three days after Bezos’ announcement, two petitions were launched to try and prevent the billionaire’s re-entry to Earth. They have both garnered thousands of followers in just 10 days.

More than 23,000 people have signed one Change.org petition titled: “Do not allow Jeff Bezos to return to Earth.”

“Billionaire’s should not exist…on earth, or in space, but should they decide the latter they should stay there,” the petition’s description said.

Some signatories gave a reason for signing the petition, which included comments such as “being let back into Earth is a privilege – not a right,” and “Earth don’t want people like Jeff, Bill [Gates], Elon [Musk] and other such billionaires.”

Another petition, called “Petition To Not Allow Jeff Bezos Re-Entry To Earth,” has accumulated more than 18,000 signatures and is quickly increasing.

Jose Ortiz, who set up the petition, said in the description that Bezos is “an evil overlord hellbent on global domination.”

“The fate of humanity is in your hands,” Ortiz also wrote.

Both petitions are aiming to get 25,000 signatures, making them two of the top signed petitions on Change.org, according to the website.

Bezos will take an 11-minute flight to the edge of space alongside his brother and the winner of the Blue Origin auction for a seat in the New Shepard spacecraft, which sold for $28 million. They’ll be strapped into a dome-shaped capsule, which sits on top of the rocket booster.

Once New Shepard reaches the Kármán line – an imaginary boundary 62 miles (100 kilometers) above the Earth’s surface – the capsule will separate from the booster, reenter the atmosphere, and float back down to Earth with the help of parachutes.

“I want to go on this flight because it’s a thing I wanted to do all my life. It’s an adventure – it’s a big deal for me,” Bezos said in a video posted to Instagram on June 7.

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Amazon workers say the company is plagued by systemic issues that disproportionately harm Black employees, according to a report

amazon warehouse
Amazon released a diversity report in December 2020.

  • According to Recode, Amazon employees witnessed systematic disadvantages for Black workers
  • Workers told the outlet underrepresented people were sometimes hired at levels below their qualifications.
  • Amazon responded to Recode, saying it disagreed with the characterization of its company culture. 
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More than a dozen current or former employees at Amazon’s corporate headquarters say they witnessed systematic disadvantages for Black and underrepresented workers, according to Recode

The tech news website quoted an Amazon diversity manager, who said: “We struggle to bring [Black] folks in because there’s not a whole lot of desire, in my opinion, to go outside of our normal practices.”

Once inside the company, those employees sometimes had difficulty advancing, the manager told the outlet.

Later this year, Andy Jassy will take over as chief executive at the retail giant, replacing founder Jeff Bezos. Jassy has spoken about diversity at the company previously, saying at a June 2020 event that the issue was “really important.”

He added: “Frankly, as a technology industry, I think we can be much better. It’s, in my opinion, still way too homogenous.”

Amazon’s most recent diversity data report showed that about 26.5% of its employees were Black, 22.8% were Hispanic, and 13.6% were Asian. About 10.6% of its US managers were Black, 9.5% were Hispanic, and 19.5% were Asian, according to that data. 

Amazon staffers also told Recode that Black employees had sometimes been hired for lower-level jobs than they were qualified for. The outlet quoted a diversity and inclusion manager as saying: “It is not uncommon for women, and especially Black women, to have a role advertised at one level but extended an offer at a position that is lower.”

In a statement, Amazon told Recode: “We disagree with this characterization of Amazon’s culture and believe that it misrepresents the facts and is based on the views of a small number of individuals.”

Amazon did not immediately respond to a request for additional comment on Saturday. 

On Twitter, former Reddit CEO Ellen Pao said the reporting on Amazon was “too sad and exhausting so please read it.”

 

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