EBay CEO's 2012 compensation nearly doublesMarch 18, 2013 in Technology / Business
EBay Inc. CEO John Donahoe's compensation nearly doubled to $29.7 million in 2012, a year that saw the e-commerce company's stock gain 68 percent thanks to growth in its namesake marketplaces business and PayPal.
Donahoe's compensation was valued at $16.5 million in 2011, according to a filing with the Securities and Exchange Commission on Monday.
His salary grew about 3 percent to $970,353. The bulk of the increase came from stock awards amounting to $23.7 million last year, up from $8.9 million in 2011.
He got an incentive payment of $2.8 million and options worth $2 million.
EBay has been trying to expand PayPal, still largely an online payments service, into brick-and-mortar retailers. Stronger-than-expected results in the final quarter of the year topped the biggest year ever for the company.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
"EBay CEO's 2012 compensation nearly doubles" March 18, 2013 https://phys.org/news/2013-03-ebay-ceo-compensation.html