Two investor advisory firms, Amazon CEO Andrew Jassyby Salary of $214 million says it’s too much. Companies are also demanding an open vote on whether the salary is too high at the meeting to be held this month.

Financial timesAccording to a news published by I, which provides advisory services to investors,Institutional Shareholder Services (ISS) “The $214 million salary of Amazon’s new CEO, Andy Jassy, ​​is a lot for this kind of promotion,” he said in a report he shared with customers on Thursday. statements made. The report also states that the rewards program has nothing to do with objective, predetermined performance criteria.

ISS and Glass Lewis call for votes

ISS is the world’s largest investor advisory firm. It advises shareholders of listed companies on how to vote.

In addition to the ISS, there is another consultancy that calls on shareholders to vote against unreasonable salaries at Amazon. According to the news Glass of LewisThere is a big difference between the salaries and bonuses that Amazon’s top executives have received in the past week. Both firms are recommending shareholders vote at the company’s annual meeting, scheduled for May 25, to reject bonus packages received by Amazon’s top executives.

Much of Jassy’s compensation came from stock.

Jassy, ​​July He took over as CEO of Amazon from Jeff Bezos. In 2021, Jassy received a total of $212,701,169 in compensation, of which only 175 thousand dollars of his salary came. The rest came from stocks.

An Amazon spokesperson said in a statement: According to the way of working, we have to report this wage as the total compensation for 2021. In reality, this compensation will be valid for the next 10 years,” he said.

The spokesperson concluded, “What this means from an annual pay perspective is that it is competitive with CEOs at other major companies. It has also been approved by Amazon’s Board of Directors.”

Jassy isn’t the only manager whose salary is being questioned

According to Amazon’s filing with the SEC, shareholders Adam Selipsky and Dave ClarkIt is expected that the fees will be taken into account in the vote this month. Selipsky, the head of Amazon Web Services, will almost certainly get a five-year stock exchange in 2021. $81.5 million won. Clark runs Amazon’s retail and logistics business. to Clark last year $56 million paid.