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To: Holyman who wrote (52349)	4/22/1999 10:38:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

EBay CEO's 1998 compensation hit $43 million WASHINGTON, April 21 (Reuters) - Meg Whitman, the chief executive of high-flying Internet auctioneer EBay Inc.<EBAY.O>, got about $43 million in compensation last year, putting her almost on par with her counterpart at IBM though nowhere near the top paid U.S. executive, Disney's Michael Eisner. Whitman, who came in at No. 17 on a list compiled by Business Week, earned most of her compensation in the form of stock options, San Jose, Calif.-based eBay said in its proxy filed on Tuesday with the Securities and Exchange Commission. The 42-year-old Whitman, who has been CEO since Feb. 1998, received options last year to buy 7.2 million eBay shares valued at $42.7 million, the proxy said. The options expire on January 20, 2008. In addition, her base salary was $145,833 and her bonus was $100,000, putting her total compensation package in the neighborhood of $43 million, eBay said in the filing. That put her in the same league as International Business Machines Corp.'s <IBM.N> Louis Gerstner, whose 1998 compensation totaled $46.3 million, and Abbott Laboratories Inc.'s <ABT.N> Duane Burnham, who got $46 million, according to a recent Business Week study on executive compensation. That study of the top-paid CEOs of 365 of the largest companies in the United States found that last year, Walt Disney Co.'s <DIS.N> Michael Eisner far and away got the biggest package at $575.6 million, mostly from options. Eisner's pay was the second-largest ever for the CEO of a public company, the magazine said, and it completely dwarfed the $201.9 million that the second highest-compensated CEO, Mel Karmazin of CBS Inc. <CBS.N>, got. In the No. 3 position was Citigroup's <C.N> Sanford Weill ($167.1 million), followed by America Online's <AOL.N> Stephen Case ($159.2 million) and Intel's Corp.'s <INTC.N>Craig Barrett ($116.5 million), according to the survey. Business Week computed the base salary, bonus and long-term compensation of the chief executives in its study. While eBay is already turning a profit, its soaring stock, trading at over $167 a share on Wednesday afternoon, has attracted as much attention as the company itself. Ebay's market capitalization, that is the total value of all of its outstanding shares, was over $20 billion as of Wednesday afternoon.