March 22, 2010, 12:00 AM

eBay paid its CEO 58% less in 2009

EBay CEO John Donahoe and other top executives at the world’s largest online marketplace earned significantly less last year as the company issued fewer stock and option awards.

Zak Stambor

Managing Editor

EBay CEO John Donahoe and other top executives at the world’s largest online marketplace earned significantly less last year as the company issued fewer stock and option awards.

Donahoe’s total compensation, which includes salary, bonus, stock awards, option awards and other items, was $10.13 million in 2009, a 58% drop from $24.03 million in 2008, according to a filing Friday with the U.S. Securities and Exchange Commission. The drop stems from Donahoe’s stock and option awards falling to $6.93 million from $22.37 million in 2008.

Similarly, the total compensation for Lorrie Norrington, eBay Marketplaces president, fell 56% to $3.18 million from $7.26 million in 2008. Norrington’s stock and option awards fell to $1.43 million from $6.63 million in 2008.

EBay’s revenue in 2009 rose 2% to $8.73 billion from $8.54 billion in 2008. And the value of goods sold through eBay’s online marketplaces, excluding autos, was $48.35 billion, virtually unchanged from $48 billion in 2008.

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