Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Wed Apr 10 2019 00:32:15

eBay CEO Devin Wenig Earns 152 Times That of Employees

By: Ina Steiner

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eBay CEO Devin Wenig makes 152 times the average salary of employees, according to company filings. eBay disclosed the information this week as required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In 2018, Wenig earned $18.17 million in total compensation, compared to $17.67 million in 2017 and $15.94 million in 2016.

In its filing with the SEC, eBay revealed the following about the CEO Pay Ratio metric:

- The median of the annual total compensation of all of our employees, other than Mr. Wenig, was $119,562.

- Mr. Wenig's annual total compensation, as reported in the 2018 Summary Compensation Table, was $18,172,166.

- 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 152 to 1.

Public companies were required to report the CEO Pay Ratio metric for the first time last year, shedding light on the discrepancy between CEO and employee compensation. But given the fact the ratio increased for eBay's CEO (he earned 143 times employees the prior year), it looks like it may not make any difference to the Boards of public companies - unless without the public disclosure it would have gone even higher.

The Board explained some of what it looked for in evaluating Wenig's performance:

Determining 2018 Target Compensation for our CEO
The Compensation Committee takes a multi-year view of Mr. Wenig's total compensation, with the objective of rewarding his leadership of the Company and tying his compensation to Company results and stock price performance. In doing so, the Compensation Committee has sought to link Mr. Wenig's compensation with the sustainable long-term performance of the Company.

The Compensation Committee considered many factors in setting the various components of Mr. Wenig's compensation, including the factors set forth below. In evaluating performance against these factors, the Compensation Committee assigned no specific weighting to these factors and it evaluated individual performance in a holistic manner.

- Execution against the Company's long-term strategic plan to drive the best choice, the most relevant, and the most powerful selling platform

- Performance against target financial goals and operating goals including initiatives related to customer experience, buyer growth, payments, and advertising

- Driving innovation and execution across eBay

- Building an excellent executive management team and a values-based culture that is inventive, bold, courageous, diverse, and inclusive to enable eBay to attract and retain top talent

- Providing leadership and vision to improve eBay's position as a leading ecommerce player that is environmentally and socially responsible

How interesting would it be to see a comparison of CEO pay to marketplace sellers!



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Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: P.Dorf This user has validated their user name.

Wed Apr 10 05:11:43 2019

- Execution against the Company's long-term strategic plan to drive the best choice, the most relevant, and the most powerful selling platform

FAIL

- Performance against target financial goals and operating goals including initiatives related to customer experience, buyer growth, payments, and advertising

FAIL

- Driving innovation and execution across eBay

FAIL

- Building an excellent executive management team and a values-based culture that is inventive, bold, courageous, diverse, and inclusive to enable eBay to attract and retain top talent

FAIL

- Providing leadership and vision to improve eBay's position as a leading ecommerce player that is environmentally and socially responsible

EPIC FAIL

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: Whatever This user has validated their user name.

Wed Apr 10 06:03:13 2019

really staggering figures wouldn't you say? How much money does one person need? seriously. and just want exactly do this mr. wenig give back? I'm litterally at the point of no return - the peasants need a little income wenig - you can't take it all forever.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: Rexford

Wed Apr 10 06:16:59 2019

What a foolish Board.   What an overpaid empty suit.  What a joke.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: Freeeeeeeee This user has validated their user name.

Wed Apr 10 06:33:04 2019

These behemoth companies are the satanic mills of the future.  God help GenY and Z when they are looking forward to bit work at $3 an hour.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: Silver Ice King This user has validated their user name.

Wed Apr 10 07:03:10 2019

Even though Wenig is running Ebay into the ground with his determination to make the Chinese Ebays future, he is so overpaid that its not even funny.  Ebay is losing both Sellers and Buyers to other sites because nobody knows  what they are doing other than find out  more ways into their Sellers pockets, rather than to look imder tje  

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: toolguy

Wed Apr 10 07:28:29 2019

GM CEO - $21 million
ServiceNow CEO - $41 million
Boeing CEO - $15 million
Ford CEO - $17 million
Paypal CEO - $14 million
Fedex CEO - $10 million

Devin's pay looks to be in line with most major CEO's

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: Snapped This user has validated their user name.

Wed Apr 10 07:33:59 2019

Paid.  But by no means earned,

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: NoMoreEbay

Wed Apr 10 08:52:44 2019

"ServiceNow CEO - $41 million"

Not to pour a barrel of salt into this wound. But guess who is CEO of Service Now....none other than......wait for it.......John Donahoe.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: pace306 This user has validated their user name.

Wed Apr 10 09:36:29 2019

Im not sure why anyone is surprised that hes an over paid dolt - alot of CEOs are.

They have great college degrees but rarely know anything about what their companies do or how they run.

As an aside, the 119K employees dont do much either - eBay is just a fancy website, so you see me shedding any tears for them and how "underpaid they are".

A full %50 of eBay employees from GRIFF on down (and up (good old Mary Hubris isnt worth much either) are dead wood. eBay would have an OUTSTANDING quarter if they let them all go.

Most of eBays employees are CS people overseas whom he pays nothing to any way .......

No matter Devin Wenig gets paid, eBay will still not improve, as selling things isnt what eBays "job#1" is - selling advertising and making deals with singular big sellers (deal of the day banners) IS.

Not new news but interesting none the less

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

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

Wed Apr 10 09:42:22 2019

I can't even type out an opinion,
I'm so pissed off.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: Just Plain Irritated This user has validated their user name.

Wed Apr 10 11:03:57 2019

The median of the annual total compensation of all of our employees, other than Mr. Wenig, was $119,562.

Since there are no doubt a bunch of other very high paid managers, we all know the Median of the regular employee is WAY less than the stated median. So if you exclude those high paid managers, just imagine how much higher that "152 times" actually is.

Sales on eBay have never been so dismal, and search results so sparse.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: toolguy

Wed Apr 10 11:25:11 2019

My sales are down, probably the worst in 20 years.

But I still have NO problem finding what I want to buy on eBay!

It's all there waiting for me to hit the buy button. . . . .

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: booklover27 This user has validated their user name.

Wed Apr 10 11:41:55 2019

...and zillion times higher than most Ebay sellers.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: mcposty This user has validated their user name.

Wed Apr 10 11:50:13 2019

The whole corporate world is full of elbow rubbers. There is no way in a logical world any of these people are chosen to run a large business. Its just full of brotherhoods doing each other favors. Completely controlled, completely anti trust, and at odds with common investors ( ie you and me ) and at odds with morals and ethics.

I don't care how much a ceo gets paid, but in a rational world, such huge sums would be earned.




Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: songe-d-automne This user has validated their user name.

Wed Apr 10 12:07:37 2019

It might be in line with what other CEOs are paid, but question being are they driving their companies into the ground the way this clown has done? He needs to go bye bye.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: iheartjacksparrow

Wed Apr 10 12:20:12 2019

This is just laughable: "[T]he Compensation Committee has sought to link Mr. Wenig's compensation with the sustainable long-term performance of the Company."

What long-term performance would that be? I guess no one on the Compensation Committee heard about the 1% growth last quarter (which was probably being generous).  

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: toolguy

Wed Apr 10 13:01:00 2019

eBay's next CEO will be hated as much as his 3 predecessors!

Everyone hated Meg, they hated John and now they hate Devin.

Your failure on eBay has nothing to do with who's the CEO, it's what you;re selling and at what price.

Supply & Demand, nothing more nothing less. . . .

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: Rexford

Wed Apr 10 13:30:27 2019

Did anyone see Ray Dalio on 60 Minutes Sunday evening in the episode "The Wealth Gap, a National Emergency"?   Great episode.  Worth finding online and listening to his thoughts.

Right now we are headed (if not there already) to a becoming a nation of oligarchs.  We need a pendulum swing.

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

This user has validated their user name. by: toolguy

Wed Apr 10 14:13:36 2019

Am I the only one here that doesn't think Devin is overpaid?

If I were eBay CEO I would want $20 million a year, maybe more!

Perminate Link for eBay CEO Devin Wenig Earns 152 Times That of Employees   eBay CEO Devin Wenig Earns 152 Times That of Employees

by: mcposty This user has validated their user name.

Wed Apr 10 15:28:47 2019

I imagine tool, that you are. And yes, any Ebay Ceo that continues to do stupid things will be hated. There is zero difference between donahoe and wenig. zero. Same stupid goal of choosing what shows and what doesn't show, same restrictions on who can make how much. These types of policies are what is killing Ebay's growth.

All the ceos thus far are chinese shills.





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