EBay Chief Operating Officer Maynard Webb, who has pocketed more than $90 million exercising and selling eBay option shares since joining the company in 1999, will retire from the company in August. In his most recent trade on June 30, he spent $484,688 exercising his option to buy 25,000 shares for $19.39 each, and then sold them for $728,328, or $29.13 each.
The $9.74 per-share profit was one of the lowest Webb has gotten in his trades over the years. In 2004, when he made $20 million exercising and selling eBay shares, his average profit per share was $27.61.
Webb, 50, offered no reason for his decision to leave the company at this time, and eBay said it had no plans to fill Webb’s role after he goes.
Ebay COO Not Leaving Empty Handed
July 25, 2006 by Ty | 0 Comments
In eBay News
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