How about this logic?
If eBay is straitened enough by bad economic conditions, so much so that 10% of staff have to be let go, then how does the comp committee justify throwing millions at a CEO whose performance, had it been better, might have obviated the need for layoffs by adding value to the top line?
Tough times = no bonuses for anybody, or tokens at best for high performers. And $120 mil doesn't qualify as a "token". How's about that?
As a shareholder, I want my comp committee to show some sense of nod to reality.
Aren’t most bonuses tied to stock increases? If so, as a shareholder you would have made $$$ also.