Amazon CEO Andy Jassy’s whole pay plummeted in 2022 — however there’s extra to it than meets the attention

Whats up, readers. For those who are readers, that’s. Or are you AI? Maybe I’m, too. I am Hallam Bullock, reporting to you from London, and welcome to my existential disaster.

Effectively, maybe that could be a little robust, however I’ve just lately joined Elon Musk in mulling whether or not life is all only one huge simulation.

That is as a result of a latest research let 25 AI avatars free in a digital metropolis, and it seems they behave very equally to us. You possibly can examine it right here – although it’d go away you questioning life, the universe, and every thing.

Now, let’s check out the week’s high tech tales.

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1. Amazon CEO Andy Jassy’s whole compensation plunged final yr to $1.3 million. It could nonetheless look like some huge cash, however in 2021, Jassy’s whole pay was over $200 million. That is a jaw-dropping drop. Nonetheless, there’s extra to this than meets the attention.

• Jassy’s a lot smaller compensation in 2022 was resulting from him not receiving any inventory awards through the yr.
• Though he acquired almost $212 million in inventory awards in 2021, they may take 10 years to vest and are meant to characterize most of his compensation for the approaching years.
• Additionally, remember the fact that Jassy’s base wage in 2022 was $317,500, an 80% leap from $175,000 in 2021.

Learn extra on Jassy’s and different execs’ whole pay right here.

Prime tech tales of the week:

2. An worker requested to go distant. Her CEO outsourced her job to India as an alternative. The CEO, Johnny Taylor Jr., instructed the Journal that he saved round 40% in labor prices within the course of. Learn extra.

3. Elizabeth Holmes’ buy of a one-way flight to Mexico was a “daring transfer.” That is based on a choose who denied her request to stay free on bail. Holmes is now set to report back to jail later this month. Learn extra.

4. Elon Musk will not promote Twitter for the quantity he purchased it for… Except he can discover a purchaser who will “rigorously pursue the reality.” Musk mentioned: “I do not care concerning the cash actually, however I do wish to have some supply of reality that I can depend on.” Learn the total story.

5. Billy McFarland is only one yr out of jail and says Fyre Competition II is “lastly taking place.” In case you have forgotten concerning the notorious pageant that landed McFarland in jail, these photographs clarify it. For extra on Fyre Competition 2.0, click on right here.

6. Tony Hawk turned down a $500,000 fee for “Professional Skater,” choosing royalties as an alternative. The choice was presumably his craziest maneuver away from the half-pipe — and it paid off. Here is how a lot Hawk ended up making.

7. A jet-tracking scholar thinks he’s getting underneath Musk’s pores and skin. Jack Sweeney, the coed who runs a Twitter account monitoring Musk’s personal jet, mentioned the Tesla CEO “appears actually bothered” by his account. Learn why.

8. TikTok appears completely totally different for Gen Z and Gen X. Our 23-year-old reporter went undercover as a 50-year-old to see what Gen X is watching on TikTok. After making a brand new account and setting her birthday to 1973, Jordan Hart was stumped by Gen X’s humorousness. Learn extra.

From our tech evaluation crew:

9. Extra tech workers ought to count on to lose their jobs. Silicon Valley has laid off over 330,000 employees since final yr, however there are indicators that some tech corporations haven’t gone far sufficient to regulate to a brand new financial actuality. Learn our full evaluation.

10. Musk’s reign of chaos at Twitter could have saved it from collapse, however there is a lengthy solution to go. After drastic value slicing, Musk mentioned this week the corporate is roughly breaking even. However the identical aggressive technique will not work if he desires to show a long-term revenue. We break down why.

At the moment’s crew: Hallam Bullock in London, Lisa Ryan in New York, Shona Ghosh in London, and Dave Smith in Toronto.