![]() ![]() ![]() ![]() He trimmed his holdings from just over 100,000 shares last year.Ĭritical to Jassy's success has been his ability to attract all types of businesses and organizations to AWS products, offering services for the smallest of start-ups and the world's largest enterprises, like Apple. He owns about 85,000 shares, valued at $287.3 million as of Tuesday's close. "That was 23 years ago of course and the statute of limitations has probably expired," he quipped.Īmazon paid Jassy a total of $348,809 in 2019, down from $19.7 million in 2018, when he received over $19 million in stock awards, according to the company's most recent proxy statement. In an interview last fall, he said that his wife and he agreed they'd move to the west coast to be closer to her family for a few years and then move back to New York. He then went straight to Amazon and never left. Jassy graduated from Harvard University in 1990 and from Harvard Business School in 1997. In September, a column in the Washington Post, which Bezos owns, called Jassy the "clear heir apparent" to Bezos. While he's been head of AWS since its inception, Bezos elevated him by giving him the title of AWS CEO in 2016. Jassy, 53, is a member of Bezos' elite group of executives called the S-team. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower CNN Sans ™ & © 2016 Cable News Network.Best Debt Consolidation Loans for Bad Credit Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “Amazon’s strong guidance for Q2 revenue is another indicator that the company may be starting to come out of the woods.”Īmazon Web Services, which has long served as a profit engine for the company, also experienced double-digit percentage growth during the quarter, in another positive sign for its overall business. “The results indicate that ongoing cost-cutting measures are having a positive impact on Amazon’s business prospects,” said Jesse Cohen, senior analyst at. Amazon expects second-quarter net sales to grow between 5% and 10% from the same period the year before, or be between $127 billion and $133 billion. The company’s revenue increased 9% during the quarter from the prior year. It also comes as key areas of Amazon’s business continue to grow despite lingering recession fears possibly weighing on corporate and consumer spending. The company has announced two rounds of layoffs, canceled products and nixed physical store expansions. (AMZN) has ramped up its cost-cutting measures in recent months. The e-commerce giant on Thursday reported a profit of $3.2 billion for the first quarter, up from a loss of $3.8 billion in the year ago quarter and far exceeding analysts estimates. Amazon is starting the year back in the black. ![]()
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