Jeff Bezos as soon as exposed in an interview that he never ever required more stock to remain encouraged at Amazon.com which asking for it would have felt “disgusting.”
Jeff Bezos Was ‘Proud’ Of His Payment Plan At Amazon
In a 2024 interview at The New york city Times DealBook Top, the Amazon creator stated he asked the board’s settlement committee “not to provide me any compensation,” including, “I currently owned a considerable quantity of the business, and I simply didn’t feel excellent about taking more … I simply felt how could I potentially require more reward?”
He likewise noted he paid himself “about $80,000 each year” as CEO.
Bezos framed the position as common of owner-operators, mentioning that many creators “increase their wealth … by making the equity they have better,” and not by looking for more equity.
” I simply would have felt disgusting about it. And I’m in fact extremely pleased with that choice,” he stated.
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Bezos’s Concept Of A Rich-List Better Than Forbes
He likewise argued the much better scorecard isn’t individual net worth however just how much financiers got along with him. “Someone requires to make a list where they rank individuals by just how much wealth they have actually developed for other individuals … Amazon’s market cap is $2.3 trillion today … I have actually developed something like $2.1 trillion of wealth for other individuals,” Bezos stated, recommending somebody develop a “much better list” than Forbes.
Bezos Isn’t The Only One Illustration An Apparently Low Wage For Their Function
Bezos’s very little money pay fits a wider Silicon Valley pattern of modest incomes coupled with big equity stakes. Mark Zuckerberg has actually drawn a $1 income at Meta because 2013, which utilized to be the exact same quantity Steve Jobs drew from Apple throughout his time at the business.
Warren Buffett, by contrast, has actually long taken a flat $100,000 income at Berkshire Hathaway and no stock-based rewards.
Those who echo Bezos’ view state creator thriftiness lines up rewards. On the other hand, critics keep in mind that low incomes can be cosmetic when huge equity or other settlement remains in play.
Picture: Lev Radin/ Shutterstock.com
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