Amazon's new chief Andy Jassy takes over from founder Jeff Bezos on July 5 and the tech giant is welcoming the new boss with a $200 million stock gift. Amazon will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a period of ten years as per filings done by Amazon to the SEC.
Andy Jassy who has led Amazon Web Services since its inception already owns 0.02% of Amazon stock, worth more than $300 million, according to FactSet.
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