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".
eBay cuts chief executive John Donahoe's pay by 53% [BBC]
EBay CEO John Donahoe's pay plunges [SFGate]