Todd Spangler NY Digital EditorThere’s a whole lot of password-sharing going on among Netflix’s customer base, according to the streaming giant.Netflix, in reporting a huge subscriber miss — with a net loss of 200,000 for Q1 — said that members who are sharing their login credentials outside the home are contributing to its slowing growth in 2021. The company estimates that Netflix is being shared with more than 100 million non-paying households worldwide, including over 30 million in the U.S. and Canada along.“Account sharing as a percentage of our paying membership hasn’t changed much over the years, but, coupled with the first factor, means it’s harder to grow membership in many markets — an issue that was obscured by our COVID growth,” Netflix said in its letter to shareholders.
Amazon CEO Andy Jassy Pay Hit $212.7 Million in 2021, up Nearly Six Times From Prior Year
01.04.2022 - 17:07 / variety.com
Todd Spangler NY Digital EditorAmazon chief executive officer Andy Jassy’s compensation last year totaled $212.7 million, a nearly sixfold increase from his pay package in 2020 when he headed the tech giant’s AWS division.Virtually all of Jassy’s 2021 comp — $211.9 million — was in restricted stock that vests over the next 10 years, according to Amazon’s proxy statement filed Friday. His base salary was $175,000, unchanged from the two prior years; in addition, Amazon paid $589,149 in security expenses for the CEO.Founder Jeff Bezos, who assumed the role of executive chair when Jassy took the helm July 5, earned a salary of $81,840 last year, the same as the two years prior, per Amazon’s filing.
His pay package also included $1.6 million for security paid by the company. Bezos, who owns about 12% of Amazon’s stock, currently has a net worth of $189 billion.
The Amazon board’s compensation committee said in the filing that it intends for Jassy’s stock award, which vests through 2031, “to serve as a long-term incentive for Mr. Jassy, and, accordingly, believes it should be viewed as compensation over the 10-year term and not solely as compensation for 2021.”Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news, and more.“Faced with the first CEO succession in the Company’s history, the Leadership Development and Compensation Committee determined it important to provide for clarity and stability through an award that is designed to establish a long-term owner’s perspective and encourage bold, long-term initiatives, in the same manner that Mr.
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Amazon’s Andy Jassy Earns $212 Million in First Year as CEO
marketing manager. Six years later, he founded AWS with a team of 57 people and helped build it into one of Amazon’s biggest profit generators.Without the boost of the stock grant, Jassy’s salary was only $175,000 and Amazon paid for security services the company valued at about $600,000. The value of the grant was based on the price of shares at the time of the grant and the shares will vest over 10 years.
Amazon CEO Andy Jassy Made $212.7 Million In 2021, Six Times His 2020 Pay
Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made $212.7 million in total compensation in 2021, according to an SEC filing.
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Joe Biden Says He Was Expressing “Moral Outrage” When He Said Vladimir Putin “Cannot Remain In Power”
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frustrating week on the Senate floor, as President Joe Biden’s Ketanji Brown Jackson has been subjected to a nonstop barrage of racist and generally offensive questioning courtesy of GOP senators like Lindsey Graham and Ted Cruz. Seeing a Black woman begin the process of (hopefully) being confirmed to the should have been a watershed moment, and for many, .