The amount Amazon (AMZN) pays to keep its master is just $81,840 in salary plus $1.6 million in security-related services. The salary is not much and even the security would not pay for a weekend of golf by Prez Trump!
Not only is $81,840 modest, Amazon says Jeff has never received any stock-based compensation. Bezos doesn’t need it — he already owns 16% of Amazon, a stake worth more than $100 billion.
That is very cool in comparison to other barons of this tech gilded age. Steve Jobs took just $1 every year (except for 2001, when Apple gifted its founder a private jet plane. Google founders Larry Page and Sergey Brin also only take $1 a year each. Former Oracle CEO Larry Ellison used to take $1 in salary. Still, unlike Jeff many of these poobahs rank as among America’s highest-paid CEOs because they got paid in stock awards.
If he can’t get more than $86k out of the company for his responsibilities, he should join a union.
His real income is in the untaxed value of his shares. Same for Buffet. The latter made at lear 1.4 billion last year in untaxed wealth increase. Who needs a salary?