Amazon's incoming CEO Andy Jassy. Photo by Bloomberg
The Briefing
Amazon Entertainment

What Andy Jassy Could Learn From Cook, Nadella and Pichai

Photo: Amazon's incoming CEO Andy Jassy. Photo by Bloomberg

What a relief! Amazon revealed late today that Andy Jassy, who takes the reins as CEO on Tuesday, won’t have to search the cushions for coins. Amazon is granting him restricted stock that at today’s price is worth $214 million, an award several times bigger than the grants he’s been getting every couple of years as AWS chief. Jassy already has stock worth around $300 million, thanks to past stock grants. So while there’s no chance he’ll become rich on the scale of his boss, Jeff Bezos, Jassy should do just fine, thank you very much.

These kinds of stock grants are common among big tech companies bringing in new CEOs: Tim Cook at Apple, Sundar Pichai at Alphabet and Satya Nadella at Microsoft got similar awards when they were appointed to the top job. All three have managed to justify their awards. Cook has done a remarkable job for shareholders, even if he hasn’t matched Steve Jobs’ record as an innovator. Pichai, despite a widespread reputation for indecisiveness, appears to be presiding over a resurgence at Alphabet—as witnessed in its recent revenue growth rate and as we noted today, its stock price. Of course, Nadella at Microsoft arguably sets the gold standard for CEOs reinventing tech giants.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
My Life's Work Startups
As a Kid, Samantha John Recoiled From Videogames. Now She’s Teaching Kids to Code Them
Art by Clark Miller.
This is “My Life’s Work,” a series about the unique life experiences that influenced the careers of tech founders and executives. Interviews have been edited and condensed for clarity. For the past decade, Samantha John, 35, and her co-founder, Jocelyn Leavitt, have been helping kids learn to code. Their app, Hopscotch, teaches children programming as they create their own...
Latest Briefs
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
Zendesk Agrees to $10.2 billion Buyout Months After Rejecting Higher Bid
Meta Plans To Shut Down CrowdTangle Tool
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Jerry Seinfeld (left) and Ted Sarandos. Photo by Getty. Art by Mike Sullivan
Exclusive Media/Telecom Amazon
A Netflix Slump Tests Sarandos’ Talent Savvy
In 2019, when comedian Mike Myers was pitching a new comedy series to Netflix, program executives at the company were skeptical.
Art by Mike Sullivan.
The 1:1 Amazon Cloud
‘I choose to be intentionally paranoid’: Adam Selipsky Navigates AWS Into a Cloudy Future
Of the five big tech companies that dominate their respective corners of the industry, Amazon is the only one whose headquarters sprout from the soil of a bustling metropolis.
Amazon's logo on a tent at Cannes this week. Photo by Reuters.
Amazon’s Ad Staffers Flee Amid Complaints of Bloat, Bureaucracy
In the years immediately before Covid-19 sidelined the global advertising festival in Cannes, Amazon kept a low-key presence at the annual gathering of ad and tech people.
Crypto Markets
Tech’s Worst-Timed Deals: Six Acquisitions That Have Not Improved With Age
As tech valuations collapse to a fraction of where they were last year, executives likely have a few regrets.
Social Studies Startups
So Your Startup Died. What Do You Do With All That Swag?
Megan Auringer started as a project manager at construction startup Katerra in January 2018, the same month it announced an $865 million fundraising round led by SoftBank’s Vision Fund, the world’s largest private tech investor.
Signage at VidCon 2016. Photo by Shutterstock
VidCon Returns as Chill Falls on Creator Economy
VidCon, the annual gathering of social media creators, fans and industry representatives, will descend on Anaheim, Calif., Wednesday for the first time since 2019.