eBay INC Received $131 Million U.S. Tax Refund

eBay INC Received $131 Million U.S. Tax Refund
31 August 2011
EventHorizon1984

According to Reuters, eBay CEO John Donahoe was one of "Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax."

Specifically:

"eBay whose CEO John Donahoe made $12.4 million, but which reported a $131 million refund on its 2010 current U.S. taxes."

While many John Donahoe fans will "cheer" this article, we note the article and study are flawed.  In the case of eBay INC, what is left out are 2010 taxes paid.

Consider this; most of our U.S. readers received 2010 tax refunds.  But it's a refund of excess taxes paid.

People interested in eBay INCs 2010 finances can reference the following:

• eBay INC 10-K Annual Report, 28 January 2011
• eBay INC 8-K/A Results of Operations and Financial Condition, Financial Statements and Exhibits, 20 January 2011
• eBay INC 8-K Results of Operations and Financial Condition, Financial Statements and Exhibits, 19 January 2011

Not that eBay INC CEO John Donahoe deserves praise.

• eBay stock price (31 March 2008) when John Donahoe became eBay CEO - $29.87
• eBay stock price (31 August 2011) - $30.87

• Amazon stock price (31 March 2008) - $71.30
• Amazon stock price (31 August 2011) - $215.23

Unless you're an Amazon investor.

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