Email a copy of 'eBay CEO and CFO Cash Out Some Stock Options' to a friend
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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). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Like the rats leaving a sinking ship they have to have filled there food sack first. These idiots are on there way out and its only a matter of time before the ship sinks.
If my calculator is right, Wenig received over $5 million which cost him a bit over $3 million, and he still has over $2 Million in stock options left to cash in. So for the cost of $3 million he can get almost $7.5 million in cash. What has he done to be worth that? But then the smart move that he is making is exercising his stock options now while there is still a company to pay them out.
I don’t sell on eBay anymore, but the way that place has been run, I’d be happy to take over for a $1 Million, plus be allowed to take my naps as needed and an endless supply of peanut M&Ms.
Egad – anyone who is part of a corporation should NOT be allowed to own any of the company shares. It’s criminal how they are insider trading like mad and other companies are destroyed by a greedy CEO – yes, we are talking about Sears.