<img src="https://static-ssl.businessinsider.com/image/583c6da7ba6eb605688b5664-1305/undefined" alt="Amazon Web Services CEO Andy Jassy" /><a href="https://www.youtube.com/watch?feature=player_detailpage&amp;v=8FJ5DBLSFe4#t=3186s?ref_=8">Amazon</a>Amazon Web Services CEO Andy JassyBack in 2011, Amazon CEO <a href="https://www.bloomberg.com/news/articles/2013-04-12/amazon-s-bezos-among-lowest-paid-tech-ceos-with-81-840-salary">Jeff Bezos asked the company's board to freeze his annual salary at $81,840</a> - no cash bonuses or stock awards, nada.And so, when <a href="http://phx.corporate-ir.net/phoenix.zhtml?c=97664&amp;p=irol-proxy">Amazon released its annual proxy statement</a> to shareholders today, it wasn't a huge shock to find that despite his leadership of the company, Bezos' total compensation in 2016 totalled a relatively meager $1,681,840. That's $81,840 in salary, and $1.6 million in security and travel arrangements.Instead, the highest-earning executive is Andy Jassy, the CEO of Amazon Web Services, the<a href="http://www.businessinsider.com/amazon-andy-jassy-aws-cloud-biggest-business-2016-11"> retailer's most profitable unit</a> and the leader in the burgeoning cloud computing market. Last year, he made $175,000 in salary, $35,431,144 worth of stock grants, and $3,500 in matched 401(k) retirement account contributions from Amazon, for 35,609,644 total.Amazon Web Services, started in 2006, lets programmers rent functionally unlimited supercomputing power from the very same servers and services that Amazon itself relies upon to run its retail empire. Nowadays, Microsoft and Google are considered to be the second- and third-place players in the market, respectively, both racing against AWS.Jassy has been with AWS since its formation, but he <a href="http://www.businessinsider.com/amazon-promotes-andy-jassy-jeff-wilke-to-ceos-2016-4">earned the title of "CEO" in 2016</a>, in recognition of the importance of the unit to the company. According to Amazon's filing, that new title came with a restricted stock grant (RSU) of 30,000 shares in the company.Meanwhile, don't cry for Bezos. According to this same filing, the billionaire owns about 16.9% of Amazon, meaning he'd be just fine even after selling <a href="http://www.businessinsider.com/r-update-1-bezos-is-selling-1-bln-of-amazon-stock-a-year-to-fund-rocket-venture-2017-4">billions of dollars of his stock in the company to fund Blue Origin</a>, his reusable spaceflight company.Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions. <h3>NOW WATCH: <a href="http://www.businessinsider.com/watches-worn-most-powerful-ceos-world-tim-cook-jeff-bezos-immelt-2017-4">These are the watches worn by the most powerful CEOs in the world</a></h3> Please enable Javascript to watch this video

The Amazon exec leading the charge against Microsoft and Google made $35.6 million last year

<img class="gwt-Image" src="/photo/54848026.cms" />Indian IT firm <keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword> just revised the pay structure of its key executives and the salaries of the top leadership is bound to take a hit. 
 After the revision, <keyword id="3747292" type="UNKNOWN" weightage="20" keywordseo="Infosys-COO-Pravin-Rao">Infosys COO Pravin Rao</keyword>'s take-home pay could hit Rs 8 crore and even Chief Financial Officer M D Ranganath’s salary will be hit. 
 
"The Board of Directors have approved the revised annual compensation of Pravin Rao...with effect from November 1, 2016, subject to the approval of the shareholders. The compensation includes fixed compensation of Rs 4.62 crore per annum and a variable compensation of up to Rs 3.88 crore per annum," Infosys said. 
 
Additionally, based on fiscal 2016 performance, Rao will get 27,250 restricted stock units (RSU) and 43,000 stock options, vested over a period of four years. 
 
Infosys stated the revised aggregate compensation of Mohit Joshi (Head of the Financial Services), Sandeep Dadlani (Head of Americas), Rajesh K Murthy (Head of Europe), Ravikumar S (Chief Delivery Officer), David Kennedy (Chief Compliance Officer), Krishnamurthy Shankar (Group Head of Human Resource Development) and Manikantha AGS (Company Secretary) includes fixed compensation of Rs 24 crore and variable compensation of up to Rs 20 crore. 
 
Meanwhile, Infosys inducted founder and CEO of Surya Software Systems D N Prahlad as an independent director on its Board. 
 
Infosys Chairman R Seshasayee said, "We are delighted to welcome Prahlad, a distinguished technologist to the Board. Prahlad brings with him, not only his deep knowledge of the company, but also sharp insights into the industry.”

Salaries of Infosys’ top executives take a hit. This is how much the COO will earn now

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5c334dfce04d620da64419c4-2400/gettyimages-520695288.jpg" border="0" alt="Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel during the 32nd Space Symposium on April 12, 2016 in Colorado Springs, Colorado." data-mce-source="Brent Lewis/The Denver Post via Getty Images" data-mce-caption="Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel during the 32nd Space Symposium on April 12, 2016 in Colorado Springs, Colorado." />Brent Lewis/The Denver Post via Getty ImagesAmazon CEO Jeff Bezos.</div></div></div><ul class="summary-list"><li>Amazon announced in October 2018 that it was raising its minimum wage to $15 per hour.</li><li>But the rise for hundreds of thousands of workers has barely made a dent in its operating expenses, which grew at a similar or slower rate than the rest of the year.</li><li>One theory is that Amazon balanced out the increased salaries by slashing bonuses and ending its restricted stock unit program.</li><li>Some workers told Business Insider that they were actually worse off over the holiday period.</li></ul>Amazon's minimum wage hike has barely made a dent in the online <keyword id="6354851" type="UNKNOWN" weightage="60" keywordseo="retail">retail</keyword> giant's operating expenses - and it might explain why some workers say they are out of pocket.In November last year, Amazon increased its minimum wage to $15 in the US and between £9.50 ($12.40) and £10.50 ($13.70) in the UK, impacting 267,000 permanent workers and 200,000 seasonal employees.A seasonal worker who joined Amazon in October told Business Insider that their salary jumped from $10 to $15, but it would have been different for different workers.It would not be outlandish to expect such pay raises to be reflected in an increased cost of doing business, but for Amazon, it hardly made a difference to the growth in its operating expenses.According to the company's earnings for the three months to the end of December (so including two months of higher salaries for hundreds of thousands of employees), Amazon's operating expenses grew at a similar or slower rate to the rest of the year.Here's a breakdown of Amazon's operating costs across the year:Q4: $68.6 billion (up 17.7% year-on-year) Q3: $62.8 billion (up 17.6%) Q2: $49.9 billion (up 33.7%) Q1: $49.1 billion (up 41.5%)Amazon's operating expenses include a ton of other cost lines beyond staff salaries, including things like marketing and technology. These are of course prone to fluctuation, which could have played a part in expenses not rising at a particularly remarkable rate.But there is another theory as to why the minimum wage increase has barely made a dent - it has been balanced out by Amazon slashing bonuses and ending its restricted stock unit program (RSU).Read more: <a href="https://www.businessinsider.com/amazon-walmart-costco-target-minimum-wages-2018-10?r=US&amp;IR=T">Here's how minimum wage compares at Amazon, Walmart, Costco, and more retail giants as companies battle to win over workers</a>Amazon workers in the US and the UK told Business Insider that the minimum wage increase had actually had a negative impact on their pay packets over the holiday period. Meanwhile, <a href="https://www.wired.com/story/amazon-minimum-wage-some-fear-they-will-earn-less/" target="_blank" rel="noopener">Wired spoke to an Amazon employee last year</a> who estimated they would lose at least $1,400 a year following the pay rise.Trade unions also noted the removal of incentives and stock options. "If Jeff Bezos - the richest man in the world - really wants to give hardworking staff a pay rise, he should let them keep their share options as well as increasing their hourly rate," <a href="https://www.theguardian.com/technology/2018/oct/03/amazon-offsetting-pay-rise-by-removing-bonuses-union-says" target="_blank" rel="noopener">said Tim Roache, the general secretary of the UK's GMB union.</a>Business Insider has contacted Amazon for comment. In a statement last year, the firm said:"The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSUs. We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it's no longer incentive-based, the compensation will be more immediate and predictable."<a href="https://www.businessinsider.com/amazon-raises-minimum-wage-to-15-dollars-2018-10?r=US&amp;IR=T">Amazon announced its new minimum wage of $15 per hour</a> following pressure from politicians like Bernie Sanders, who demanded that CEO Jeff Bezos pay Amazon staff a fair wage.As a result of the change, Amazon said on Thursday that it received 850,000 applications for hourly work in October 2018 - more than double its previous record. Amazon did not say how many of those applications were successful. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/netflix-copycats-will-cost-you-movie-streaming-price-2019-1">Netflix copycats are changing the streaming game and making viewers pay the price</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/wgRlgHlj-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

Amazon's minimum wage hike barely made a dent in its operating costs, and it might explain why some workers say they're actually earning less

<img class="gwt-Image" src="/photo/48685109.cms" /> 
<a href="http://www.businessinsider.in/6-ways-in-which-Vishal-Sikka-turned-Infosys-fortunes-on-its-head/articleshow/48169976.cms" target="_blank">Vishal Sikka</a>, chief executive of <a href="http://www.businessinsider.in/Infosys-Expands-Its-CSR-Activities-In-The-US/articleshow/45702040.cms">Infosys</a>, has acquired 9,116 shares after partly exercising the restricted stock units awarded to him last year. 
 

	"In accordance to the first RSU Grant made on August 21, 2014 to Dr Vishal Sikka, CEO and Managing Director of the Company, 10 per cent of the RSUs numbering 2,279 shares (equivalent to 9,116 shares post bonus issues) have vested on August 20, 2015," Infosys said in a filing to the BSE. 
 

	<a href="http://www.businessinsider.in/Vishal-Sikka-announces-3-new-services-at-Infosys/articleshow/48557423.cms">Sikka</a> has exercised the above vested RSUs numbering 2,279 shares, it added. 
 

	Last year, the Bengaluru-based firm had granted 22,794 RSUs to Sikka. 
 

	The RSUs, issued at a grant price of Rs 5 apiece, were to vest over a period of four years subject to continued employment and upon achieving key performance indicators set by the Board/Management Development and Compensation Committee, it had said.

	 
	 
	(Image credits: Indiatimes)

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