EBay CEO’s Meg Whitman Gets Pay Cut

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It is being reports that eBay cut Chief Executive Officer Meg Whitman down to a salary of $10 million in 2005. I’m not sure what the pay was before, but $10 million is something I’m sure 99.9% of America could live with.

Online auctioneer eBay Inc. cut Chief Executive Officer Meg Whitman’s pay to $10 million in 2005, reflecting fewer options. The company’s shares fell 26 percent last year. Whitman, 49, received $995,016 in salary, a bonus of $1.7 million, options valued at $6.9 million and $408,400 in other compensation, the company reported.

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