EBay CEO's 2012 compensation nearly doubles

EBay CEO's 2012 compensation nearly doubles

NEW YORK, NY - DECEMBER 06: A view of atmosphere at eBay & Actress Jennie Garth open 'The eBay Toy Box' pop-up store to benefit Toys for Tots on December 6, 2012 in New York City. (Photo by Fernando Leon/Getty Images for eBay)

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KMOV.com

Posted on March 19, 2013 at 9:06 AM

Updated Tuesday, Mar 19 at 9:16 AM

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 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.
 

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