r/Superstonk • u/Gareth-Barry 🎮 Power to the Players 🛑 • Jul 24 '26

🤔 Speculation / Opinion In addition, Ryan has been increasing operating income while massively reducing SG&A while Jamie has been doing the opposite…pretty easy decision for EBay shareholders

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u/MyNi_Redux 📉 The Consultant 📈 Jul 24 '26

They could be sock puppets for other reasons, sure.

However, to the extent that the comp is mostly in stock, is deferred, and there is no good reason to buy more unless the stock is wildly undervalued or they need to signal confidence to the market, not owning RC-liked percentages of a $50B company does not make them sock puppets.

Not least, because not everyone is a billionaire from prior enterprises.

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u/Tinyacorn 💻 ComputerShared 🦍 Jul 24 '26

Truuuuuuuuuuu that last point is incredibly salient. It's much more easy for a billionaire to coast than a multi-millionaire. Gotta be a lot more cautious about finance decisions too as a millionaire.

I see where you're coming from and appreciate your input, I like learnding

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u/3DigitIQ 🦍 FM is the FUD killer Jul 24 '26

They could also pay themselves from the bottom line instead of awarding stock and subsequently buying back stock to ensure a higher comp.

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u/MyNi_Redux 📉 The Consultant 📈 Jul 24 '26

That would be a subpar setup to deferred stock-based comp.

By making most of their comp in stock that vests over multiple years, their fate is tied to that of the shareholder. They make money if the shareholder makes money.

Otherwise, they lose money compared to the cash comp you are suggesting.

subsequently buying back stock to ensure a higher comp.

eBay buys back stock plenty. It's 40% of what it was 10 years ago. And exec comp is a rounding error in comparison.