|Sun Apr 8 2018 08:57:55|
eBay CEO Devin Wenig Earns 143 Times His Employees
By: Ina Steiner
eBay CEO Devin Wenig makes 143 times the average salary of employees, according to company filings. eBay disclosed the information last week as required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Here's exactly what eBay reported with regard to the eBay CEO Pay Ratio:
- The median of the annual total compensation of all of our employees, other than Mr. Wenig, was $122,891.
- Mr. Wenig’s annual total compensation, as reported in the 2017 Summary Compensation Table, was $17,590,833.
- Based on this information, 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.
The discrepancy between CEO and employee compensation is coming to light as public companies report the CEO Pay Ratio for the first time this year. A recent Wall Street Journal article found one of the biggest contrasts so far at Marathon Petroleum Corp. "The company's median worker made $21,034 last year. The oil refiner paid CEO Gary Heminger 935 times as much, or $19.7 million."
We've got more on eBay executive compensation in today's Newsflash
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