EBay CEO John Donahoe’s compensation for 2013 sank 53 percent compared to 2012, when the e-commerce company gave its leader more than $23 million in stock awards.
EBay also chopped a performance-based bonus payment for Donahoe and other executives.
It says the company’s financial performance last year and its positioning at the start of 2014 missed expectations.
An Associated Press analysis of a company regulatory filing shows that Donahoe received compensation valued at $13.8 million in 2013. That includes a salary of nearly $1 million, a $1.6 million bonus and stock and option awards totaling more than $11 million.
The AP’s calculation counts salary, bonuses, perks and stock and options awarded during the year.
Activist investor Carl Icahn has been criticizing Donahoe and sparring with eBay over the company’s future.