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Business Expert to h&m Group Business Tech
Permanent · Stockholm
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Business Analyst For The h&m Brand Customer Insights & Analytics Team
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Production Manager – m&c – Divided
Permanent · Stockholm
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Production Manager – m&c – Divided
Permanent · Stockholm
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Head of Merchandising eu Retail - & Other Stories
Permanent · Stockholm
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Technical Product Owner – Loyalty Engine/CRM
Permanent · Stockholm
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Product Owner – Topdown Planning Assortment
Permanent · Stockholm
MARC O' POLO
Sales Manager / Key Account Manager Scandinavia M/W/D
Permanent · STOCKHOLM
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Senior Business Controller to h&m Sport
Permanent · Stockholm
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Product Owner Within Circular Business Models
Permanent · Stockholm
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Technical Product Owner For ci/cd Team
Permanent · Stockholm
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Business Analyst h&m Sport
Permanent · Stockholm
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Business Experts to Inventory Optimization
Permanent · Stockholm
H&M
Art Buyer - h&m Sport
Permanent · Stockholm
RITUALS
Senior Account Manager Wholesale Nordics
Permanent · Stockholm
H&M
Product Owner to External Group Communications, Business Tech
Permanent · Stockholm
H&M
Head of New Business Development - h&m Sport
Permanent · Stockholm
H&M
E-Commerce Operations Coordinator / Business Expert
Permanent · Stockholm
H&M
E-Commerce Business Analyst
Permanent · Stockholm
H&M
Data Analyst to a Data Driven Team in Business Tech
Permanent · Stockholm
H&M
Senior Agile Project Manager For Business And Tech Development
Permanent · Stockholm
H&M
Business Expert – Colleague Development & Growth
Permanent · Stockholm
By
Reuters API
Published
Jul 3, 2021
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Amazon to grant new CEO Jassy over $200 million in stock

By
Reuters API
Published
Jul 3, 2021

Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.


Incoming Amazon CEO Andy Jassy - Photo: Reuters



Amazon will record the grant of 61,000 shares on July 5, the filing said, the date that Jassy succeeds Jeff Bezos in the online retailer's first CEO transition since its founding in 1994.

The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away.

Jassy's base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year, and he had $41.5 million in shares that vested in 2020.

That's still smaller than rival CEOs in the technology industry. Microsoft Corp's Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, a filing showed. Apple Inc's Tim Cook had $281.9 million in stock vest, according to its 2021 proxy.

And Bezos, despite a smaller salary, has been the world's richest person thanks to his being the largest shareholder in Amazon.

The company plans to stop its prior biannual stock grants to Jassy, aiming for the award disclosed Friday to represent most of his compensation for the coming years, a person familiar with the matter told Reuters.

Amazon also will make arrangements to provide for Jassy's personal security, according to the filing.
 

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