Amazon.com's Jeff Bezos
Amazon.com's Jeff Bezos
Perk: $1.6 million for home and personal security
Amazon.com (AMZN) CEO Jeff Bezos loves to promise "fast and efficient" delivery, and he comes through. But Bezos does have a growing delivery problem.
In New York City, when some couriers hired by Amazon find no one home, they simply hit all the buzzers in an apartment building until they get in to leave a package. This boorish behavior is a real no-no in New York. It's like pushing all the elevator buttons. And informal surveys show New Yorkers are increasingly peeved.
But Bezos doesn't have to worry about being annoyed at home, and shareholders foot the $1.6 million bill for this peace of mind. So congratulations, Jeff, for outsourcing part of your delivery to an unwilling army of volunteers while getting shareholders to pay for your own domestic peace of mind.
In filings, the company says the costs are "reasonable in light of Bezos' low salary and the fact that he has never received any stock-based compensation." His annual salary is $81,840. But this completely overlooks that he owns 88 million shares of Amazon stock, as founder, worth around $21 billion. So presumably, he could pay his own home-security bill. Instead, he collects the second-highest amount in the home and personal security perk category, says Equilar, just behind the CEO of Lockheed Martin (LMT), whom we'll get to in a second.
(Except where noted, companies mentioned in this column declined to comment.)
* Bing: How Bezos founded Amazon
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