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Friday July
9th, 2004
eBay employees to get $300k stock option
We've had a rebirth in domain name sales, perhaps the online .com boom is back again too with bonuses like this (stock options used to be the big gimmick in the .com boom-bust).
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/06/24/BUG0G7AS031.DTL&type=printable
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/06/24/BUG0G7AS031.DTL&type=printable
EBay, the online marketplace, plans to give its employees an average of $318,000 each in stock options this year, according to one estimate.
While the company's workers may welcome such a windfall, some investors and a proxy advisory firm are criticizing what they believe is as an example of excessive compensation that hurts shareholder returns.
The topic will be at the forefront at EBay's annual shareholder meeting today in New Orleans. Investors will vote on whether the company can continue to grant stock options to employees in 2004 as it has in the past.
While the company's workers may welcome such a windfall, some investors and a proxy advisory firm are criticizing what they believe is as an example of excessive compensation that hurts shareholder returns.
The topic will be at the forefront at EBay's annual shareholder meeting today in New Orleans. Investors will vote on whether the company can continue to grant stock options to employees in 2004 as it has in the past.
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