Executives who will take over as CEOs after eBay breaks up into two publicly-traded companies next year will be well compensated, according to filings with the SEC. eBay announced the breakup on Tuesday and said current eBay Inc. CEO John Donahoe would step down after overseeing the split.
Dan Schulman was named President of PayPal on Tuesday. Filings show he earns an annual base salary of $900,000 with a target bonus of 175% of his base salary. After the spin-off, his salary will increase to $1 million with a target bonus of 200% of his new base salary. - By Ina Steiner EcommerceBytes.com
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