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eBay cuts chief executive's total compensation in half

Mar 11, 2014, 1:55 AM EDT
A sign is posted in front of the eBay headquarters on January 22, 2014 in San Jose, California.
Justin Sullivan/Getty Images

E-commerce giant eBay has cut the total compensation of its chief executive, John Donahoe, by more than half. Mr Donahoe was paid $13.8m (£8.3m), including salary and bonus, in 2013, down from $29.7m a year ago. While his basic salary rose by 2%, Mr Donahoe's annual cash incentive fell by 43% from a year earlier. The company said that while their chief executive had performed well, the firm's financial performance "did not fully meet expectations".
Background:
eBay cuts chief executive John Donahoe's pay by 53% [BBC]
EBay CEO John Donahoe's pay plunges [SFGate]

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