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Amazon Grants Jassy Huge Share Cache

Amazon has granted incoming CEO, Andy Jassy, 61,000 shares of stock worth around US$200 million. Jassy will replace Jeff Bezos as the online retailer’s second CEO, with the shares to be vested over a ten-year period.

The grant represents a financial acknowledgment of a high-priority leadership change for one of the world’s top technology companies.

Bezos founded Amazon in 1994 and is one of the world’s richest person, with a net worth of nearly $200 billion, according to Bloomberg.

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