PayPal Slashes CEO Dan Schulman’s Pay 32% to $22 Million (1)

PayPal Holdings Inc. cut outgoing Chief Executive Officer Dan Schulman’s pay by 32% for last year after failing to meet its financial targets.

Schulman was awarded $22 million in compensation for 2022, including about $20.2 million in stock awards, the San Jose, California-based company said Thursday in a filing. That compares with $32 million a year earlier.

The company failed to meet targets it set for key metrics, including revenue, adjusted operating margin and net new active users, the board compensation committee said. Still, it commended Schulman for leading PayPal “through a challenging period of macroeconomic uncertainty, geopolitical ...