Is John Donahoe worth $25 million?
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eBay's new CEO, John Donahoe, got a hefty payoff just for taking the job. Docu-Drama reports that his total take comes to $25 million, including a $15 million "promotion bonus" in the form of options and restricted stock. Then there's outgoing CEO Meg Whitman, who made a half-billion dollars in stock sales over her tenure, including $100 million in the past 5 months. Whitman gets free office space and secretarial services, and as a special advisor, she stays on the payroll — which means her options will continue to vest. Handy, considering so many of them are underwater.