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PayPal CEO’s compensation surges

April 22, 2022

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PayPal CEO Dan Schulman snared a 37% increase in total compensation last year even as the digital payments company cut its revenue expectations and abandoned a previous growth goal.

Schulman’s total pay package, including salary and stock awards, jumped to $32.1 million for last year, compared to $23.4 million for 2020, according to the company’s proxy statement filed with the Securities and Exchange Commission this week.

The lion’s share of his pay package’s value last year derived from $29.9 million in stock awards, according to the April 19 proxy statement. Other than that, his $1.12 million salary rose just 8% over $1.04 million in 2020 and his “other compensation” increased about 10% to $402,857. His non-equity incentive plan compensation decreased to $625,000. In 2020, his compensation of $23.4 million was about 10% lower than in 2019, according to the proxy.

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