Monday, April 16, 2012

Amazon's Jeffrey Bezos among lowest-paid CEOs

Amazon.com Inc paid Chief Executive Officer Jeffrey P Bezos a salary of just $81,840 last year and he received no stock awards, making him one of the lowest-paid CEOs among large technology companies.

The rest of his $1.68 million in total compensation was for security arrangements at "business facilities" and for corporate travel, the Seattle-based company said in a filing with the US Securities and Exchange Commission.


As Amazon's founder, Bezos owns almost 88 million outstanding shares of the company, a stake of about 20 per cent. The value of those holdings has increased about 9 per cent this year to $16.6 billion.

Stock awards helped push Apple Inc CEO Tim Cook's 2011 compensation to $378 million. Oracle Corp CEO Larry Ellison received 2011 compensation valued at $77.6 million. At Microsoft Corp, Steve Ballmer's pay package was worth $1.38 million.

Amazon's shares fell 1.2 percent to $188.46 at the close in New York. The stock has climbed 8.9 percent this year.

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