eBay 1998 Annual Report Download - page 47

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47
Item 11: Executive Compensation
The following table shows compensation earned during fiscal 1997 and 1998 by eBay’ s Chairman of the Board,
Chief Executive Officer and eBay’ s four most highly-compensated executive officers for fiscal 1998. These people
are referred to as the “Named Officers.” Mr. Omidyar was the Chief Executive Officer of the Company at December
31, 1997. In February 1998, Margaret C. Whitman was hired as the Company’ s Chief Executive Officer. Titles
shown in the table are titles held as of December 31, 1998. The information in the table includes salaries, bonuses,
stock options granted and other miscellaneous compensation. eBay has not granted stock appreciation rights or
restricted stock awards and has no long-term compensation benefits other than stock options. No executive officer
who held office at December 31, 1997 received total annual compensation in excess of $100,000 in 1997.
Summary Compensation Table
Annual Compensation
Long-Term and Other
Compensation
Name and 1998 Principal Positions
Fiscal
Year Salary Bonus(1)
Other Annual
Compensation(2)
Number of
Securities
Underlying
Options
All Other
Compensation
Margaret C. Whitman .......................... . 1998 $145,833 $100,000 $ 1,500 7,200,000 $34,894(3)
President and Chief Executive Officer 1997 — — — —
Pierre Omidyar..................................... . 1998 96,000 25,000 — —
Founder and Chairman of the Board 1997 65,446 — — —
Steven P. Westly.................................. . 1998 120,000 51,000 1,500 108,000
Vice President Marketing and
Business Development
1997 N/A — — 2,376,000
Gary F. Bengier.................................... . 1998 125,000 25,000 1,500 —
Chief Financial Officer and Vice
President Operations
1997 N/A — — 1,575,000
Michael K. Wilson............................... . 1998 120,000 30,000 — —
Vice President Product Development
and Site Operations
1997 N/A — — 2,700,000
Jeffrey S. Skoll..................................... . 1998 96,000 25,000 1,500 —
Vice President, Strategic Planning
and Analysis
1997 N/A — — —
(1) All bonuses represent amounts paid in 1999 for services rendered in 1998, except for $26,000 of the $51,000
paid to Steven P. Westly which was paid in 1998 for services rendered in 1998.
(2) Represents matching contributions by the Company under its 401(k) Plan.
(3) Represents a reimbursement for relocation expenses paid to Margaret C. Whitman in 1998.