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