Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Mon Feb 27 2017 21:03:18

Donahoe Lands Gig 19 Months after Leaving eBay

By: Ina Steiner

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Former eBay CEO John Donahoe has landed a gig as CEO of ServiceNow. The cloud-computing company provides services to enterprises - in fact, Donahoe revealed eBay was a customer of ServiceNow during this interview with CNBC on Monday.

Donahoe's new annual base salary of $625,000 is less than the $1 million salary he earned his last full year at eBay (2014). But as with his gig at eBay, that's a small percentage of the total compensation he'll receive.

In 2014, Donahoe received $14 million in total compensation at eBay counting salary, performance bonus and equity awards.

At ServiceNow, he will also receive an annual performance-based cash bonus, with a target amount equal to 100% of his base salary based on performance measures, as well as a substantial equity awards package in the tens of millions of dollars (subject to vesting): a New-Hire RSU, an Additional RSU, a New-Hire Option and an Initial PRSU. 

The 5-year employment contract makes no mention of a corporate jet, a perk Donahoe received while serving as eBay CEO (it's not clear if ServiceNow has its own jet).

And as with his job at eBay, he gets a lucrative "parachute" package if he is terminated without cause. 

Donahoe will have a more experienced and possibly more hands-on overseer in the form of the President and CEO he is replacing, Frank Slootman, who will continue as Chairman of the Board. That will be a new experience for Donahoe after working with hands-off chairman Pierre Omidyar who founded eBay in 1995.

Donahoe will join the ServiceNow board on April 1st, and it appears he will continue to serve as Chairman of the Board at PayPal, a role he assumed in 2015 after the breakup of eBay Inc.




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Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: mcposty This user has validated their user name.

Mon Feb 27 21:13:04 2017

He should be in prison.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: comments This user has validated their user name.

Mon Feb 27 22:59:43 2017

They must want to buy back a lot of their stock cheap. No one can tank a company worse then that putz....except maybe that CEO that pretty much tanked JCPenny.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: toolguy

Mon Feb 27 23:58:42 2017

Wow, he's at the helm of 2 companies, can he make it 3?

I guess he's smarter then most folks give him credit for. . .

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: WOODJUNGLE! ON EBAY

Tue Feb 28 00:00:34 2017

Should be called ServiceintheRearNow.com

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: eXtinctBay

Tue Feb 28 00:13:08 2017

Straight from the $23 million eBay golden parachute to PayPal Chairman of the Board. I believe he is on the Nike board as well.

And now this position.

You gotta hand it to the Hoe. Just shows how one can be paid a handsome sum of money for marginal results.

What A SWINDLER.

Or as the ''King'' of all hustlers (Don) says, ONLY IN AMERICA.....

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: pace306 This user has validated their user name.

Tue Feb 28 02:00:14 2017

Well the market must know how much of a moron JD is, as the stock slid $4.65 today.

The real question is HOW he got hired since he knows nothing about what this company does.

Personally since I still have an axe to grind against that crook, I will be leaving a message about his hire in the contact us section 😀  DONT STEAL FROM ME.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: Snapped This user has validated their user name.

Tue Feb 28 03:31:35 2017

Hmmmmm.  

If eBay was a customer of SN....
and eBay owned PP,
and JD will remain CBOD of PP while CEO of SN (a 'primary' services vendor to both his 'enterprises'),

it shouldn't be too hard to find the COIs that will complete the recipie for this alphabet soup.  

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: The End

Tue Feb 28 06:10:12 2017

Donahoe has more parachutes than a quarter mile car, than Apollo at splashdown, than a formation competition.
And see that look on his face : it says, "I snookered another unwary business".
Do NOT buy stock in ServiceNow. It'll crash for sure.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: FeelingFroggy This user has validated their user name.

Tue Feb 28 06:11:18 2017

Like the snowflakes in Hollywood....WHO CARES

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: ignatz This user has validated their user name.

Tue Feb 28 07:34:29 2017

"... Donahoe revealed eBay was a customer of ServiceNow during this interview with CNBC on Monday."

Just more evidence that the "Board of Directors" model does NOT work to protect the interests of shareholders.

How can it, when the CEOs and the ostensible "Directors" are all members of the same club?

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: Rexford

Tue Feb 28 08:07:05 2017

Feeling froggy, are you referring to our thin skinned reality television prez?  Yep, snowflake fits.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: toolguy

Tue Feb 28 10:17:03 2017

@ pace306

"Well the market must know how much of a moron JD is, as the stock slid $4.65 today."

ROTFLMAO, you can't spread FALSE rumors and not be CHECKED on it!

eBay's down .11 cents today

PS: You do know eBay's stock is near an all time high and if you factor in Paypal it is at an all time high. eBay investors have reaped rewards over the past 2 years with both Paypal & eBay.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: FeelingFroggy This user has validated their user name.

Tue Feb 28 10:22:59 2017

@ Rexford Doesn't that reality show just grind you.

But I was talking about the hollywood elite that can't even give out their back patting awards without ----it up

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: iheartjacksparrow

Tue Feb 28 10:49:33 2017

"...he will also receive an annual performance-based cash bonus...."

If his "performance" at ServiceNow is anything like his "performance" at eBay, he'll owe this new company a huge chunk of money.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: corpuschristi1956 This user has validated their user name.

Tue Feb 28 11:06:01 2017

Karma JD, Karma

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: a_c_green This user has validated their user name.

Tue Feb 28 11:19:48 2017

@FeelingFroggy:

> But I was talking about the hollywood elite that can't even
> give out their back patting awards without ----it up

Um, you do understand that it was the ACCOUNTING FIRM that messed up, right?

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: Ric

Tue Feb 28 11:31:02 2017

Another company that will be Bain-drained and destructively innovated into decline while the CEO spins yarns about three year plans that never materialize into anything positive for the company or it's customers.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: Moonwishes This user has validated their user name.
Web Site

Tue Feb 28 12:13:51 2017

Since 2-22-17 Service Now has dropped 6.04 points. Onn 2-27-17 it dropped 4.83. Currently it is down 0.32 for 2-28-17.

I thought companies checked up on the computer these days before hiring. I'm sure thare has to have been more bad things said about JD than good things. I also have a hard time with the smirk on his face. Wonder how his new company will feel about paying a quarter million $$$$ every two weeks for his 'thinking days'?

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

by: Frank Abagnale This user has validated their user name.

Tue Feb 28 12:54:44 2017

April 1st. He couldn't have picked a better day.

Perminate Link for Donahoe Lands Gig 19 Months after Leaving eBay   Donahoe Lands Gig 19 Months after Leaving eBay

This user has validated their user name. by: Mercy the Mingless

Tue Feb 28 13:12:05 2017

Sad if he won't have a corporate jet.  Could be terribly inconvenient.

He used Ebay's N159JA to travel to family events.  What will he do now?

Coach?

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