EBay Chief Executive Wenig Got Raise in 2018

By Patrick Thomas

EBay Inc. (EBAY) Chief Executive Devin Wenig got a 3% raise in 2018, bringing his total compensation package to about $18.2 million.

Mr. Wenig's salary remained unchanged from a year earlier, at $1 million. The company boosted his equity awards 11% from a year ago, to $15.5 million. In its proxy, the company said it took into account Mr. Wenig's leadership, focus on executing the company's strategy, creating a culture of diversity and inclusion and delivering innovative products.

The online marketplace lowered the pay of some of its other named executives, according to the filing. EBay lowered the pay of its chief technology officer by 9% and the general manager of its eBay markets division by 29%.

In recent years, eBay shares have languished as the company has sought to distance itself from its reputation as an online auction house and has battled the likes of Amazon.com Inc. (AMZN) in the e-commerce arena. EBay's shares fell by about 26% in 2018.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

April 19, 2019 14:37 ET (18:37 GMT)

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