Amazon’s Bezos Among Lowest-Paid Tech CEOs With $81,840 SalaryLisa Rapaport
Amazon.com Inc. paid Chief Executive Officer Jeffrey P. Bezos an $81,840 salary last year, offering no raise and no stock awards, leaving him among the lowest-paid CEOs running large technology companies.
The remainder of his $1.68 million total compensation was for security arrangements at “business facilities” and for corporate travel, the Seattle-based company said today in a filing with the U.S. Securities and Exchange Commission.
Bezos asked Amazon not to increase his compensation beyond what he received in 2011, and he has never been given more cash than the amount in his current pay package, the company said. Amazon said it aims to give its top executives “a minimum level of cash compensation” because it wants their pay to be tied to building shareholder value.
As Amazon’s founder, Bezos owns almost 87 million shares, or about a 19 percent stake, according to data compiled by Bloomberg. The stock surged 45 percent in 2012, and that stake is currently worth about $23.5 billion. Bezos is the world’s 20th-richest person, with a fortune of $25 billion, according to the Bloomberg Billionaires Index.
Stock awards helped push Oracle Corp. CEO Larry Ellison’s 2012 compensation to $96.2 million. Apple Inc. CEO Tim Cook received a total package valued at $4.17 million.
Amazon’s shares fell less than 1 percent to $269.29 at 9:31 a.m. in New York. The stock had advanced 7.6 percent this year through yesterday, compared with a 12 percent gain for the Standard & Poor’s 500 Index.