JPMorgan supplied those figures, but in another section of its proxy, it listed Mr. Dimon’s pay as $28 million in 2016
and $27 million in 2015, so according to the financial firm, Mr. Dimon’s pay increased by just $1 million, or nearly 4 percent.
Amanda Coffee, a PayPal spokeswoman, said in a statement, “The majority of Dan Schulman’s compensation is driven by performance; 2016 was an extraordinary year for PayPal as we delivered results
that exceeded our targets and delivered double-digit growth across all key metrics.”
At the company’s annual meeting on Wednesday, 95 percent of the votes cast favored PayPal’s compensation practices.
Even as his company’s revenues fell 13 percent and its shares declined by 21 percent,
Mr. Ells snared a 13 percent increase in pay, receiving $15.7 million in 2016.
“The 2016 award will not vest and therefore will be completely without any realizable value,” he said, “unless our stock
price reaches an average of $700 per share for a period of at least 60 consecutive trading days before February 2019.”
Mr. Arnold added that a 2013 grant, originally worth $8 million, had no value when it expired in 2016.
Although revenues at the company fell 19 percent in 2016
and its shares lost 9 percent, Mr. Coppola received $13.5 million, a 2.6 percent increase over last year.
pay last year, and the bull market seems to have made shareholders less likely to complain about the pay increases executives received.
Thomas O’Hern, Macerich’s chief financial officer, said the bulk of Mr. Coppola’s pay consisted of stock grants with
three-year earn-out periods based on the company’s performance against all public real estate investment trusts.