eBay 2026 Proxy: exec pay & c-suite security costs up | Selling

valueaddedresource · 2026-05-03T22:34:30.172000Z

eBay's 2026 proxy statement is out and to the surprise of nobody, the big wigs all got more money in 2025. CEO Jamie Iannone's total compensation rose from ~$20.35M in 2024 to ~$28.46M in 2025. By comparison in 2025, the median eBay employee’s annual total compensation was ~$180,276, a ratio of ~158:1. But more surprising to me at least was a significant increase in exec travel and security costs. In 2024, costs for Iannone's travel and personal security benefits, included:$102,528 for personal airplane use, consisting of the aggregate incremental cost to the Company, including, primarily, fuel and engine maintenance costs (with no incremental costs when Mr. Iannone was accompanied by guests)$23,087 for security and IT support, based on the incremental cost paid to outside service providers.That year, eBay also reported a total of $21,050 for company paid outside security and IT support costs for other names executive officers (NEOs). In 2025, Iannone's costs surged to:$209,167 for personal airplane use, consisting of the aggregate incremental cost to the Company, including, primarily, fuel and engine maintenance costs (with no incremental costs when Mr. Iannone was accompanied by guests)$152,613 for security and IT support, based on the incremental cost paid to outside service providers.And the total for the other NEOs also increased to $76,378. The proxy statement does not provide any specific details as to why these costs increased so much in 2025, but the company's annual report did include the following statement on cybersecurity risks: "We have seen an increase in attack sophistication, and future attacks are likely to be increasingly sophisticated and highly targeted, particularly due to rapid developments in AI. For example, hackers have unsuccessfully targeted us using an AI-generated voice impersonation of our CEO. We expect cyberattacks utilizing AI to continue and evolve." That puts last week's massive tech disruption/rumored DDoS attack in an interesting light. If I was an eBay investor, I might also be wondering how doubling Iannone's personal plane use fits with the company's broader environmental impact and ESG initiatives. 😉 Full statement from eBay's SEC filings for anyone interested:https://d18rn0p25nwr6d.cloudfront.net/CIK-0001065088/b99b2b92-3813-42a1-949b-807cbbdd3efa.pdf

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eBay 2026 Proxy: exec pay & c-suite security costs up | Selling | eBay Community