FILE - In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook soeaks during an introduction of the new iPhone 5 in San Francisco. Cook got a relatively modest $4.2 million in pay for 2012, after the company's board set him up with stock now worth $510 million for taking the reins in 2011. (AP Photo/Eric Risberg, File)
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FILE - In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook soeaks during an introduction of the new iPhone 5 in San Francisco. Cook got a relatively modest $4.2 million in pay for 2012, after the company's board set him up with stock now worth $510 million for taking the reins in 2011. (AP Photo/Eric Risberg, File)
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FILE - In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook speaks during an introduction of the new iPhone 5 in San Francisco. Cook got a relatively modest $4.2 million in pay for 2012, after the company's board set him up with stock now worth $510 million for taking the reins in 2011. (AP Photo/Eric Risberg, File)
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This 2005 photo released by Electronic Arts shows John Riccitiello in Menlo Park, Calif. Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30. Electronic Arts Inc. said Monday, march 18, 2013 that it has named Larry Probst as executive chairman while it searches for a replacement. (AP Photo/Electronic Arts, Mast Photography)
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This 2008 photo released by Electronic Arts shows Larry Probst in Redwood Shores, Calif. Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30. Electronic Arts Inc. said Monday that it has named Larry Probst as executive chairman while it searches for a replacement. Probst has been chairman since 1994 and served as CEO from 1991 to 2007, when Riccitiello took over. (AP Photo/Electronic Arts, Najib Joe Hakim)
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Traders work on the floor of the New York Stock Exchange Tuesday, Feb. 26, 2013. Strong earnings reports from Home Depot and Macy's helped lift stock indexes in early trading on Wall Street Tuesday. A jump in home sales and consumer confidence also brought buyers back to the market. (AP Photo/Richard Drew)
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Trader Kevin Coulter, right, works on the floor of the New York Stock Exchange Tuesday, Feb. 26, 2013. Strong earnings reports from Home Depot and Macy's helped lift stock indexes in early trading on Wall Street Tuesday. A jump in home sales and consumer confidence also brought buyers back to the market. (AP Photo/Richard Drew)
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Trader Gregory Rowe works on the floor of the New York Stock Exchange Tuesday, Feb. 26, 2013. Strong earnings reports from Home Depot and Macy's helped lift stock indexes in early trading on Wall Street Tuesday. A jump in home sales and consumer confidence also brought buyers back to the market. (AP Photo/Richard Drew)
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Trader Richard Newman works on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
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Specialist John O'Hara, left, and trader Michael Zicchinolfi work on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
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Trader Andrew Silverman, right, works on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
EBay CEO's 2012 compensation nearly doubles
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.
Tags:
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