The reasons behind the Amazon founder’s unusual decision to reduce his salary number.
Jeff Bezos He is one of the most important names in the business world. Founder and leader of Amazon, the tycoon revealed the reason why he charged a significantly lower salary than what a businessman of his size is used to.
Despite stating this in an interview with the New York Times, Bezos He is one of the richest men in the world. And despite earning little money over the years from his salary, the leader of the electronics company saw good results thanks to his technique.
jeff bezos
Bloomberg
How much was Jeff Bezos’ salary for being CEO of Amazon
For decades, Jeff Bezos’ salary for being CEO of Amazon was $80,000. However, this figure allowed him certain freedoms that improved the economy of his company.
Why Jeff Bezos earned so little as CEO of Amazon
“I already owned an important part of the company and I didn’t feel comfortable with the idea of acquiring more”explained Bezos, who accumulated much of his wealth through his shareholding within Amazon. Likewise, the tycoon obtained a great tax benefit: did not pay federal income taxes in 2007 and 2011, because their reported investment losses exceeded their salary income.
Bezos maintained that he asked Amazon’s compensation committee not to give him any additional benefits, a decision of which he is proud. Furthermore, continue along this route, with the aim of offload 25 million shares before the end of 2025. With a fortune of about 242,000 million dollarsBezos is currently the second richest person in the world, according to Forbes.
Source: Ambito
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