The importance of eBay’s legal team cannot be overstated. Over the years, eBay has fiercely battled those who would threaten its dominance and even its very existence.
Mike Jacobson was a critical part of the battles as eBay General Counsel, joining eBay in 1998 from law firm Cooley Godward. Now, a year after leaving eBay after the company split with PayPal, he’s returning to the firm, now called Cooley.
In its announcement on Monday, the firm wrote:
“At the helm of eBay’s legal department, Jacobson spearheaded the company’s regulatory relationships and its policy group. He also established several key internet and IP legal principles by winning seminal cases such as eBay v. MercExchange (patents), Tiffany v. eBay (trademarks) and eBay v. Bidder’s Edge (trespass applied to the internet).”
What the announcement didn’t say was that thanks to the relationship with Jacobson, Cooley had the good luck to represent eBay over the years.
American Lawyer pointed out that at the time of Jacobson’s departure from eBay last year, he drew a $600,000 base salary from eBay and owned equity in the company worth some $25 million after having sold almost $7 million in eBay stock in 2014.
He also was rewarded with four other senior executives for staying with eBay in the months prior to the split with PayPal with multi-million dollar retention packages.
Jacobson is rejoining Cooley as of counsel in its business department.