Jeffrey Bezos, founding CEO of Amazon.com (Nasdaq: AMZN), froze his salary for the third consecutive year at $81,840. He also received $1.6 million in other compensation, the company's proxy said.
The Amazon CEO remained the lowest-paid among the executives of the world's biggest e-retailer, as Bezos bets the company on strategy of selling Kindles and Kindle Fires to compete against the iPad from Apple (Nasdaq: AAPL), the world's most valuable technology company.
Amazon CEO Jeff Bezos
To be sure, Bezos, 48, owns 87.9 million shares of the Seattle company, about a 19.5 percent stake, valued at $16.65 billion at Tuesday's price of $189.46, up $3.96. Amazon shares have gained nearly 10 percent this year but only 5.3 percent for the past year.
The shares slumped 11 percent on Feb. 2 after the company reported fourth-quarter revenue and net income that were below analyst estimates. Revenue of $17.4 billion was about $900 million below estimates and net income fell 57 percent to $177 million, or 38 cents a share.
Bezos said Amazon would move aggressively to flood the market with Kindles to battle the iPad, as well as sell more titles, programs and services at a lower cost than the Cupertino, Calif., electronics giant.
The proxy for Amazon's annual meeting scheduled for May 24 in Seattle, also shows only one senior official got a raise last year: Jeffrey A. Wilke, senior VP for consumer business, got a $5,000 raise to $165,000 plus shares valued at $3,200 contributed to his 401(k) retirement plan.
Amazon's market capitalization is $86.2 billion.
To contact the editor, e-mail:
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
- Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]