eBay CEO Devin Wenig saw a 10% hike in compensation in 2017 to $17.59 million. The year before, he saw a 9.87% increase from $14.5 million in 2015 to $15.9 million in 2016.
For the first time, eBay released a new statistic called the CEO Pay Ratio required now of public companies. eBay reported: “The ratio of the annual total compensation of Mr. Wenig to the median of the annual total compensation of all employees is estimated to be 143 to 1.”
Breaking that down, Wenig earned total compensation of $17,590,833 in 2017 compared to the average salary of $122,891 of all other employees .
Here’s a look at Devin Wenig’s total compensation over time:
2017 $17,590,833 (10.35% increase)
2016 $15,941,192 (9.87% increase)
2015 $14,509,427 (became CEO of eBay Inc in July 2015, post-breakup)
2011 $13,083,579 (joined the company as President of eBay Marketplaces)
eBay’s Chief Financial Officer Scott Schenkel saw a 14.27% increase in his total compensation in 2017 to $8,482,051.
Scott Cutler, who transitioned from President of StubHub to head of eBay Marketplaces (replacing Hal Lawton), made $8,641,775 in total compensation in 2017.
eBay employees, please feel free to chime in on whether you received a pay hike of 10 to 14 percent this year and what you think of your salary compared to the median salary of your colleagues.
And eBay sellers – what kind of increase in sales on the eBay platform did you experience in 2017? Head over to the EcommerceBytes Blog to let us know what you think of the eBay CEO Pay Ratio.