eBay 2003 Annual Report Download - page 75

ITEM 11: EXECUTIVE COMPENSATION
Summary of Compensation
The following table shows certain compensation earned during the Ñscal years ended December 31,
2001, 2002 and 2003, 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, 2003.
SUMMARY COMPENSATION TABLE
Long-Term and Other
Annual Compensation Compensation
Number of
Securities
Fiscal Other Annual Underlying All Other
Name and 2003 Principal Positions Year Salary(1) Bonus(2) Compensation(3) Options(4) Compensation(5)
Margaret C. Whitman ÏÏÏÏÏÏÏÏÏÏ 2003 $843,823 $1,229,132(6) $115,857 1,100,000 $ 3,164
President and Chief Executive 2002 250,008 419,698(6) 133,062 600,000 1,980
OÇcer 2001 241,256 139,332 Ì 1,500,000 1,884
Maynard G. Webb, Jr. ÏÏÏÏÏÏÏÏÏÏ 2003 582,007 1,266,601(7) Ì 550,000 1,009
Chief Operating OÇcer 2002 531,250 837,154(7) Ì 300,000 1,104
2001 500,000 646,137(7) Ì 1,000,000 384
JeÅrey D. Jordan ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2003 439,345 858,793(8) Ì 300,000 790
Senior Vice President, 2002 345,102 739,762(8) Ì 270,000 672
eBay North America 2001 322,404 467,041(8) Ì 800,000 4,759
Matthew J. Bannick ÏÏÏÏÏÏÏÏÏÏÏÏ 2003 423,084 596,264(9) Ì 300,000 2,257
Senior Vice President and 2002 334,086 472,540(9) 15,987 280,000 2,173
General Manager, 2001 279,506 133,396 Ì 600,000 1,884
Global Online Payments
William C. Cobb ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2003 382,519 368,899(10) Ì 250,000 2,173
Senior Vice President and 2002 312,185 240,390(10) Ì 250,000 2,173
General Manager, 2001 283,666 202,026(10) Ì Ì 92,127
eBay International
(1) EÅective March 1, 2003, all eligible employees of eBay, including certain of the Named Executive
OÇcers, received an annual salary increase representing: (i) in the case of Ms. Whitman, a salary of
$990,000 per annum; (ii) in the case of Mr. Webb, a salary of $600,024 per annum; (iii) in the case
of Mr. Jordan, a salary of $470,208 per annum; (iv) in the case of Mr. Bannick, a salary of $450,144
per annum; and (v) in the case of Mr. Cobb, a salary of $400,080 per annum. Total salary amounts
reported are lower than these annual salaries because lower salaries were in eÅect prior to March 1,
2003.
(2) All 2003 bonuses represent amounts paid in 2003 and 2004 for services rendered in 2003, all 2002
bonuses represent amounts paid in 2002 and 2003 for services rendered in 2002, and all 2001
bonuses represent amounts paid in 2001 and 2002 for services rendered in 2001.
(3) Represents: (i) in the case of Ms. Whitman for 2003, her personal use of eBay's corporate aircraft,
which is valued at rates prescribed under applicable IRS regulations; (ii) in the case of
Ms. Whitman for 2002, 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 (iii) 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) Amounts have been adjusted to reÖect all prior stock splits, including eBay's two-for-one stock split
that occurred on August 28, 2003.
(5) Represents: (i) in the case of Mr. Jordan, a reimbursement for relocation expenses paid to him in
2001 ($2,875); (ii) in the case of Mr. Cobb, a reimbursement for relocation expenses paid to him in
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