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Facebook launches VR remote work app, calling it a step to the metaverse
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Facebook launches VR remote work app, calling it a step to the metaverse
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Andy Jassy to receive $214 mn in stock grants but here s the catch
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Amazon to grant new CEO Andy Jassy over $200 million in stock
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Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.
Amazon will record the grant of 61,000 shares on July 5, the filing said. That s the date Jassy succeeds Jeff Bezos in the online retailer s first CEO transition since its founding in 1994. As of Friday s close, those shares are worth about $214 million. The award s exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that s worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away.