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Amazon Shareholders Narrowly Approve Pay Plans for Executives

Amazon CEO Andy Jassy

Amazon CEO Andy Jassy

Photographer: David Ryder/Bloomberg

Amazon.com Inc. shareholders delivered a rebuke to the company over the pay for Chief Executive Officer Andy Jassy and other top executives, with an unusually close vote in the symbolic measure to ratify compensation packages for the company’s leaders. 

Vote totals disclosed in a filing Friday show 56% of shareholders supported the company’s executive pay for 2021, which included $350 million in compensation to three top executives, the vast majority of which comes in stock grants that vest over a period of years. Such votes have passed with more than 80% approval for nearly 9 of 10 companies in the S&P 500, according to data for 2022 to date tallied by Farient Advisors