eBay 2002 Annual Report Download - page 83

ITEM 11: EXECUTIVE COMPENSATION
Summary of Compensation
The following table shows certain compensation earned during the Ñscal years ended December 31,
2000, 2001 and 2002, by our Chief Executive OÇcer and four most highly-compensated other executive
oÇcers (based on their total annual salary and bonus compensation), also referred to as the Named
Executive OÇcers, at December 31, 2002.
SUMMARY COMPENSATION TABLE
Long-Term and Other
Annual Compensation Compensation
Number of
Securities
Fiscal Other Annual Underlying All Other
Name and 2002 Principal Positions Year Salary(1) Bonus(2) Compensation(3) Options Compensation(6)
Margaret C. Whitman ÏÏÏÏÏÏÏÏÏÏÏ 2002 $250,008 $419,698(8) $133,062 300,000 $ 1,980
President and Chief Executive 2001 241,256 139,332 Ì 750,000 1,884
OÇcer 2000 210,000 87,914 Ì 500,000(4) 1,882
Maynard G. Webb, Jr. ÏÏÏÏÏÏÏÏÏÏ 2002 531,250 837,154(9) Ì 150,000 1,104
Chief Operating OÇcer 2001 500,000 646,137(9) Ì 500,000 384
2000 450,000 503,151 Ì 100,000(4) 384
JeÅrey D. Jordan ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2002 345,102 739,762(10) Ì 135,000 672
Senior Vice President and 2001 322,404 467,041(10) Ì 400,000 4,759
General Manager, U.S. Business 2000 290,000 136,254 Ì 300,000(5) 30,750
Matthew J. Bannick ÏÏÏÏÏÏÏÏÏÏÏÏÏ 2002 334,086 472,540(11) 15,987 140,000 2,173
Senior Vice President, 2001 279,506 133,396 Ì 300,000 1,884
Global Online Payments 2000 207,250 86,139 Ì 140,000(4) 1,872
William C. Cobb ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2002 312,185 240,390(12) Ì 125,000 2,173
Senior Vice President and 2001 283,666 202,026(12) Ì Ì 92,127
General Manager, 2000 27,576(7) Ì Ì 280,000 14,064
eBay International
(1) EÅective April 1, 2002, all eligible employees of eBay, including certain of the Named Executive
OÇcers, received an annual salary increase representing: (i) in the case of Mr. Webb, a salary of
$525,000 per annum; (ii) in the case of Mr. Jordan, a salary of $350,136 per annum; (iii) in the
case of Mr. Bannick, a salary of $350,112 per annum; and (iv) in the case of Mr. Cobb, a salary of
$300,000 per annum. Mr. Cobb's salary increased to $350,112 in September 2002 in connection with
his increased responsibilities as Senior Vice President and General Manager, eBay International. Mr.
Webb's salary increased to $575,000 in October 2002 in connection with his increased responsibilities
as Chief Operating OÇcer. Ms. Whitman's salary in 2002 was $250,008 per annum.
(2) All 2002 bonuses represent amounts paid in 2002 and 2003 for services rendered in 2002, all 2001
bonuses represent amounts paid in 2001 and 2002 for services rendered in 2001, and all 2000
bonuses represent amounts paid in 2000 and 2001 for services rendered in 2000.
(3) Represents: (i) in the case of Ms. Whitman, her personal use of eBay's corporate aircraft ($58,101),
which is valued at rates prescribed under applicable IRS regulations, and of a corporate aircraft from
an unaÇliated third-party vendor, which is valued at actual invoiced amounts ($74,961); and (ii) in
the case of Mr. Bannick, costs associated with family transportation while Mr. Bannick worked out
of our European oÇces during the summer of 2002.
(4) ReÖects option grants that were subsequently rescinded and cancelled by agreement between eBay
and the applicable Named Executive OÇcer in July 2000 after it was determined that the grants
might call into question the desired accounting treatment of our acquisition of Half.com.
(5) All but 100,000 of the shares of our Common Stock underlying options granted to Mr. Jordan in
2000 were subsequently rescinded and cancelled by agreement between eBay and Mr. Jordan after it
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