B Stuff et cetera

A blog about (snow)Boarding and Business school

Amazon’s CEO

Posted by forlogos on April 8, 2007

In doing some research for a marketing paper, I ran across some interesting info on Jeffrey P. Bezos, the CEO of Amazon.com:

  • His total compensation in 2005 was no more than $82K and he owns 25% of Amazon.com. See here for more info
  • He has refused a raise and a bonus. See here for more info
  • He graduated Summa Cum Laude from Princeton. see here

My paper wasn’t about Jeff Bezos, so I didn’t really do that much research on him.

But it’s amazing what he was compensated for in 2005. And he has repeatedly refused raises and a bonuses.  One only needs to read an article on outrageous CEO pay or on the excessive pay packages of top big pharma executives and CEOs (see Pharmagossip or Peter Rost) and it’s not hard to see why $82K is such a big surprise. It’s really good to see that there are CEOs and people like Jeff out there.

On one year that he refused a raise and bonus, he exercised some $7.3 Million in options. That is still nothing compared to Big Pharma, where a CEO can be paid hundreds of millions of dollars while thousands of their employees are being laid off in the name of cost-savings. Ridiculous!! And a rant for another day. Or just read my favorite pharma blogs, Pharmagossip and Peter Rost, they never fail to post about stuff like this when it breaks.

Anyway, Jeff also graduated Summa Cum Laude from Princeton. Impressive!!

These few facts make him sound really interesting and I’m sure there’s a book out there on him – – I’d like to read it….

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