CEO of eBay's total compensation in 2013 drops 53% from previous year
March 13, 2014, 12:10 am TWN
AP--EBay Inc. CEO John J. Donahoe's total compensation for 2013 plunged 53 percent compared with 2012, when the e-commerce company gave its leader more than US$23 million in stock awards.
The San Jose, California, company, which is sparring with activist investor Carl Icahn over board seats and its future direction, also gave Donahoe, 53, and other executives a lower-than-targeted incentive payment earlier this year. It noted that eBay missed financial targets last year, according to a regulatory filing.
EBay's compensation committee "concluded that while Mr. Donahoe continued to perform well against many ... goals, the (company's) financial performance for 2013 and positioning relative to its competitors at the start of 2014 did not fully meet expectations," it said in a proxy statement filed Monday.