The Ledger ResearchPrivate

The Front Office

Scouting report · AMZN

Andrew R. Jassy

  • President & CEO; director, AMZN since 2021-07src

Amazon's President & CEO since July 2021; built AWS from 2006

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design67time only · 94% for · 0.00% of net income
Skin in the game—no holding or price on file
Age
58src
In the role
5 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 4

  • Reported pay is low only because the pay is front-loaded: a 61,000-share (1.22m post-split) RSU award at promotion carried a $211.9m grant-date value in 2021 (2021 pay ratio 1-to-6,474), and no award has been granted to him sincesrc
  • All equity is time-vested RSUs with no performance condition and no cash bonus. The proxy argues that sizing grants on an assumed rising share price is the performance linksrc
  • Say-on-pay got only 56% of votes cast for and against in 2022, after the CEO grant. It recovered to 78% in 2025 and 94.0% in 2026src
  • Sold 142,096 shares (about $35.4m) in the 12 months to 2026-09-24, all under 10b5-1 plans. The November 2025 plan allows up to 142,224 shares through 2026-12-31src

In their favour 2

  • CEO pay ratio 51:1 on $2.07m reported 2025 pay, against $77.7bn of net income; $1.70m of the $2.07m is security costsrc
  • Hedging, speculative and derivative trades in Amazon stock are prohibited for executive officerssrc

Career

  1. 2021 – now
    Amazon.comsrc
    President & CEO; director
    Effective 2021-07-05; succession announced 2021-02-02 (8K-2021-02-02)
  2. 2016 – 2021
    Amazon Web Services (Amazon.com)src
    CEO Amazon Web Services
    April 2016 to July 2021
  3. 2006 – 2016
    Amazon Web Services (Amazon.com)src
    Senior Vice President, Amazon Web Services; founded and led AWS from its inception
    April 2006 to April 2016
  4. 1997 – 2006
    Amazon.comsrc
    Various leadership roles across businesses and functional areas
    Search summaries add: joined May 1997 as a marketing manager, later ran the CD business and was Bezos's first technical adviser ('shadow'); these specifics are from WS-hbs and WS-wiki, not a filing

Not located: 1990-1995 (between Harvard College and HBS) is not described in any filing; a search summary says only that he worked five years before business school

Achievements

  • Founded and led Amazon Web Services from its 2006 inception, as SVP until April 2016 and as its CEO until July 2021src
  • Succeeded founder Jeffrey Bezos as President & CEO on 2021-07-05, after 24 years at the companysrc
  • Amazon's GAAP net income rose from $30.4bn (FY2023) to $59.2bn (FY2024) and $77.7bn (FY2025)src
  • Owns 2,313,536 shares (about 0.02% of the company) and still has 900,000 unvested units of his 2021 CEO grant after the August 2026 vestsrc
  • Received 99.2% of votes cast for and against in his 2026 re-election as a directorsrc

Education

  • Harvard College, AB Government (1990)src
  • Harvard Business School, MBA (1997)src

Background

  • Family The 2026 proxy's related-person section covers Bezos's own businesses and two relatives of the CFO; it names no relative of Jassysrc
  • Boards Chair and founding board member of Rainier Prep, a college-prep charter middle schoolsrc
  • Other Member of the National Academy of Engineeringsrc
  • Investing One of the minority investors in the NHL's Seattle Kraken (One Roof Sports and Entertainment), per 2026 press coveragesrc
  • Other No employment, severance or change-in-control agreement; unvested units lapse on leaving for any reason other than deathsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

17
  1. Filing Amazon.com DEF 14A, 2026 annual meeting (accession 0001104659-26-041026) · 2026-04-09
  2. Filing Amazon.com DEF 14A, 2022 annual meeting (0001104659-22-045572); 2021 Summary Compensation Table and pay ratio · 2022-04-14
  3. Filing Amazon.com 10-K FY2025 (0001018724-26-000004): Information About Our Executive Officers (as of 2026-01-28) and Item 9B trading plans · 2026-02-06
  4. Filing Amazon.com 8-K Items 2.02/5.02 (0001018724-21-000002): Bezos to become Executive Chair, Jassy to succeed him as CEO in Q3 2021 · 2021-02-02
  5. Filing Amazon.com 8-K Item 5.02 (0001018724-21-000016): Jassy elected director; 61,000-share RSU award vesting over ten years · 2021-07-02
  6. Filing Amazon.com 8-K Item 5.07, 2026 annual meeting results (0001104659-26-065717) · 2026-05-22
  7. Filing Amazon.com 8-K Items 5.03/5.07, 2022 annual meeting results and 20-for-1 split (0001104659-22-065872) · 2022-05-27
  8. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1018724 (FY2025 10-K, 0001018724-26-000004) · 2026-02-06
  9. Filing Form 4, Andrew R. Jassy (reporting CIK 1374545), vest and 10b5-1 sale of 2025-11-21 (0001374545-25-000003) · 2025-11-25
  10. Filing Form 4, Andrew R. Jassy, vest of 2026-02-21 and 10b5-1 sale of 2026-02-23 (0001374545-26-000002) · 2026-02-24
  11. Filing Form 4, Andrew R. Jassy, 10b5-1 sale of 2026-04-17 (0001374545-26-000004) · 2026-04-21
  12. Filing Form 4, Andrew R. Jassy, 10b5-1 sale of 2026-05-04 (0001374545-26-000006) · 2026-05-06
  13. Filing Form 4, Andrew R. Jassy, vest and 10b5-1 sale of 2026-05-21 (0001374545-26-000008) · 2026-05-26
  14. Filing Form 4, Andrew R. Jassy, vest and 10b5-1 sale of 2026-08-21 (0001374545-26-000010) · 2026-08-25
  15. Web search result WebSearch: Andy Jassy Harvard College (government, 1990) and Harvard Business School MBA (1997); joined Amazon days after his last HBS exam as a marketing manager · 2026-09-24
  16. Web search result WebSearch: Andy Jassy (Wikipedia summary: early Amazon roles, first technical adviser to Bezos, conceived AWS with Bezos in 2003) · 2026-09-24
  17. Web search result WebSearch: Seattle Kraken minority investors (GeekWire, June 2026: Melinda French Gates joins David Wright, Andy Jassy and Jerry Bruckheimer) · 2026-09-24