- Jeff Bezos’ nonprofit preschool reportedly paid management considerably higher-than-average salaries in 2021.
- Bezos Academy’s president and chief of operations have been each longtime Amazon staff.
- For most of final 12 months, Bezos Academy consisted of only one location with 13 students.
Jeff Bezos has employed former Amazon employees to run his Montessori-inspired tuition-free preschool system, and he is reportedly paying them a small fortune to accomplish that.
According to an annual tax type (*1*) Bloomberg, Michael George was paid $800,452 plus $28,000 in advantages to oversee Bezos Academy in 2021, which consisted of only one school and solely 13 students for many of final 12 months.
George spent more than 20 years at Amazon and led client initiatives like Amazon Echo and Alexa, in accordance to Bezos Academy’s web site.
Data from Total Compensation Solution collected by Bloomberg reveals that George’s pay is considerably increased than that of a median nonprofit director, which was $294,000 in 2021.
George’s pay falls “within a reasonable range of competitive market prices,” Bezos Academy informed Bloomberg.
Bloomberg additionally discovered that one other former Amazon employee on the pre-Ok employees was paid a big sum, as nicely. Miguel Roque, Bezos Academy’s chief of operations, was paid $463,144 in 2021. Roque was at Amazon for 9 years.
Bezos Academy prioritizes youngsters in underserved communities, is freed from cost, and “aims to nurture the potential in every child to become a creative leader, original thinker, and lifelong learner,” its web site reads.
Katie Ford, a spokesperson for the nonprofit, informed Bloomberg that Bezos Academy plans to open 15 more faculties by the tip of 2023.
Bezos has turned his eye to charity since stepping down from his position as CEO of Amazon. Last month, Bezos signed the “Giving Pledge,” which is “a promise by the world’s wealthiest individuals and families to dedicate the majority of their wealth to charitable causes,” (*13*) to the pledge’s web site.