EBay CEO's 2012 compensation nearly doublesMarch 18, 2013 @ 6:01 pm
NEW YORK (AP) - 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 pay increase came from stock awards amounting to $23.7 million last year, up from $8.9 million in 2011.
Those awards included a one-time $14.9 million grant as part of the company's performance-based incentive plan. It is structured "so Mr. Donahoe is incentivized to maintain strong performance through the vesting date of the grant in 2017," eBay spokesman John Pluhowski said.
He also got an incentive payment of $2.8 million and options worth $2 million.
EBay, based in San Jose, Calif., 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 This material may not be published, broadcast, rewritten or redistributed.)
Light Rail Crime
Dori says he won't ride mass transit because politicians have let criminals take over
History of Seafair
We take a look back at how Seafair became a Seattle tradition
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.