Amazingly, Amazon.com, Inc (NASDAQ:AMZN) Bezos’ $81, 840 compensation lowest - ORCL, AAPL
Northern, WI 04/13/2013 (avauncer) - Last year, Jeffrey P. Bezos, the Chief Executive Officer of Amazon.com, Inc (NASDAQ:AMZN) (Closed:$272.87, Up by 1.12%) was paid a salary of $81,840 with no raise or stock rewards added. This has made him one of the lowest-paid CEO’s amongst large technology companies. In a filing with the U.S SEC, the Seattle-based company said that the balance $1.68 million of his total compensation had been allocated for corporate travel and security arrangements at various business facilities that he visits. Amazon said that Bezos had asked that his compensation not be increased beyond that which he had received in 2011 and he hasn’t been given any more cash than the amount that makes up his current pay package.
The cash component of the compensation amount has plateaued for the past two years. It said that the objective is to give minimum cash compensation to its top executives as their pay should be interwoven with building shareholder value. As the founder of Amazon, Bezos is the owner of close to 87 million shares which amounts to around 19 percent of the company’s stake. In 2012, the stock surged by 45 percent and is currently worth close to $23.5 billion. With a $25 billion fortune, Bezos is the 20th-richest person in the world.
The compensation that Larry Ellison, the Oracle Corporation (NASDAQ:ORCL) (Closed: $33.46, Down by 0.46%) Chief Executive Officer received in 2012 was $96.2 million and had been pushed by stock awards. The Chief Executive officer of Apple Inc (NASDAQ:AAPL) (Closed: $429.80, Down by 1.04%), Tim Cook’s packaged compensation had been valued at $4.17 million.