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eBay CEO Devin Wenig Raked in $17.6 Million Last Year

eBay CEO Devin Wenig

eBay CEO Devin WenigeBay 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)
2014 $10,495,665
2013 $6,677,708
2012 $6,944,500
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.

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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.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

2 thoughts on “eBay CEO Devin Wenig Raked in $17.6 Million Last Year”

  1. Think of how many jobs could be moved back to the United States if the money wasted on overpaid managers was invested in salaries for contributing employees. The average pay quoted in the article is likely to be wrong if eBay employees outside the United States was included. Also, the averages were not stratified enough to be useful. If managers with stock options and other incentives were excluded, the average would likely drop to s figure too low to afford a house in Silicon Valley, Seattle, Boston or New York.

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