John Donahoe Explained

John Donahoe
Birth Name:John Joseph Donahoe II
Birth Date:30 April 1960
Birth Place:Evanston, Illinois, US
Alma Mater:Dartmouth College (BA)
Stanford University (MBA)
Occupation:Businessman
President and CEO, Nike
Chairman, PayPal
Boards:Nike
ServiceNow
Bridgespan Group
PayPal
Spouse:Eileen Donahoe
Children:4

John Joseph Donahoe II (born April 30, 1960)[1] is an American businessman who was the CEO of Nike from January 2020 to October 2024.[2] Early in his career, he worked for Bain & Company, becoming the firm's president and CEO in 1999. He is on the board of directors at Nike,[3] The Bridgespan Group [4] and is chairman of PayPal. Donahoe was named president and CEO of ServiceNow, a cloud company, in February 2017.[5] [6] He was on the Board of Trustees of Dartmouth College from 2003 to 2012.[7]

Early life and education

John Donahoe was born in Evanston, Illinois on April 30, 1960.[8] His father was an accountant at Price Waterhouse in Chicago.[9] In 1978, he graduated from New Trier High School in Winnetka, Illinois.[9] He earned a bachelor's degree in economics from Dartmouth College, where he was a brother of Chi Gamma Epsilon Fraternity (formerly Kappa Sigma), followed by an MBA from Stanford Graduate School of Business.[10] Donahoe is of Irish descent.[11]

Career

See also: eBay and ServiceNow. After Donahoe's senior year of high school, a friend's father asked him to work at his Schlitz beer distribution company. "You'll make good money," he said. It was a union job and the first requirement was that he join the International Brotherhood of Teamsters.[12]

Before joining eBay, Donahoe worked for Bain & Company (a global consulting firm based in Boston) for 20 years, starting as an associate consultant and rising to become the firm's president and CEO in 1999.[13]

In March 2005, Donahoe was hired as president of eBay Marketplaces. His role was to focus on eBay's core business, which accounts for a large percentage of the company's revenues. In 2008, Donahoe was appointed CEO of eBay. He made more than 40 acquisitions, including Shopping.com and StubHub,[14] and the classifieds sites Gumtree and LoQUo, and most recently, Shutl.[15] [16] After Donahoe's departure from eBay in 2015, he was replaced by eBay Marketplaces president Devin Wenig.[17]

In February 2017, Donahoe was announced as the president and CEO of ServiceNow, a software company that he became familiar with while working at eBay.

Donahoe was on the Board of Trustees of Dartmouth College from 2003 to 2012.[7] In October 2019, he was announced as the next CEO of Nike, and succeeded Mark Parker on January 13, 2020.[18] Despite tumbling stock prices, with record losses, in 2024, Donahoe made the decision to cut 15% of all Nike employees in Oregon, all while his salary and bonuses remained in the top 0.1% of the top 1% of all CEOs in the United States.

Donahoe has served as chairman of The Business Council.[19]

Donahoe was announced to be leaving as Nike's CEO in September 2024, being replaced by longtime Nike employee Elliott Hill. Donahoe's last day as CEO will be October 12 of that year, though he will continue to advise Nike until January 2025.

Compensation

In 2023, Donahoe received total compensation from Nike of $32.8 million.[20]

Political donations

Donahoe has donated to Democrats and Republicans. He contributed to Republican Congressman David Dreier of California, as well as two Democratic Senate candidates, Kirsten Gillibrand of New York and Barbara Boxer of California.[21] [22] [23]

Personal life

He is married to Eileen Donahoe (née Chamberlain), former U.S. Ambassador to the United Nations Human Rights Council in Geneva, Switzerland.[24] They have four children; three sons and a daughter, and live in Portola Valley, California.[25] [26]

External links

Notes and References

  1. Web site: cdn.businessweek.com . 2013-06-09 . https://archive.today/20130713024704/http://cdn.businessweek.com/stanford-business-school/john-donahoe-chief-executive-of-ebay/2569631044812320753-dd68e6b3b01edd4c5fca5b8c84297752 . 2013-07-13 . dead .
  2. Web site: 2024-09-19 . Nike CEO John Donahoe is out, replaced by Elliott Hill . 2024-09-19 . CNBC . en.
  3. Web site: John Donahoe Joins NIKE, Inc. Board of Directors. Nike. 2019-06-15.
  4. Web site: Cheryl L. Dorsey and John Donahoe Join The Bridgespan Group Board of Trustees. Bridgespan. 2019-06-15. 2019-06-16. https://web.archive.org/web/20190616215144/https://www.bridgespan.org/about-us/for-the-media/cheryl-l-dorsey-john-donahoe-join-bridgespan-board. dead.
  5. Web site: Former eBay boss John Donahoe named CEO of cloud company ServiceNow. Balakrishnan. Anita. 2017-02-27. CNBC. 2017-02-27.
  6. Web site: Former eBay CEO John Donahue Has A New Job. Fortune. 2017-02-27.
  7. Web site: Trustees Emeriti . Dartmouth College . May 26, 2017 .
  8. Web site: John Donahoe. Irish America. 27 April 2012 . 3 November 2014.
  9. Web site: Tech drives eBay growth. Chicago Sun-Times. 3 November 2014. 3 November 2014. https://web.archive.org/web/20141103165121/http://www.suntimes.com/business/3085383-420/ebay-million-donahoe-technology-paypal.html#.VFd2kMm5mUk. dead.
  10. Web site: John J. Donahoe II. https://web.archive.org/web/20121228113203/http://investing.businessweek.com/research/stocks/people/person.asp?personId=728527&ticker=EBAY. dead. December 28, 2012. Businessweek. 3 November 2014.
  11. Web site: A fifth-generation Irish-American, John is very interested in his Irish ancestry. . Irish America . 2008-06-02 . 2017-03-25.
  12. Web site: linkedin.com . 2013-11-07 . http://webarchive.loc.gov/all/20131108031617/http://www.linkedin.com/today/post/article/20131105122656-187399433-my-first-job-what-unloading-beer-taught-me-about-leadership . 2013-11-08 . bot: unknown .
  13. Web site: Leadership - eBay Inc . https://web.archive.org/web/20130330030530/http://legacy.ebayinc.com/executives . dead . 2013-03-30 . 2018-03-08.
  14. News: Stirring Up the Cubicles at eBay. Stone. Brad. 2007-02-21. The New York Times. 2017-04-05. 0362-4331.
  15. Web site: John Donahoe Irish America. irishamerica.com. 22 December 2011 . en-US. 2017-04-05.
  16. Web site: John Donahoe, eBay President And CEO, To Take The Disrupt NY Stage. Eldon. Eric. Tsotsis. Alexia. TechCrunch. 26 March 2013 . 2017-04-05.
  17. News: EBay Reveals $23 Million Golden Parachute For CEO John Donahoe In PayPal Split. Mac. Ryan. Forbes. 2017-04-05.
  18. News: Turner . Nick . Nike Taps EBay Veteran John Donahoe to Succeed Parker as CEO . 22 October 2019 . Bloomberg LP . 22 October 2019.
  19. Web site: Admin . Content . 2024-06-20 . Leadership in Crises: Insights from Nike's CEO . 2024-06-24 . Northwest Executive Education . en-US.
  20. News: Sainato . Michael . 2024-08-29 . CEOs with lowest-paid US workers ‘focused on own short-term windfall’ – report . live . https://web.archive.org/web/20240830034008/https://www.theguardian.com/us-news/article/2024/aug/29/ceos-with-lowest-paid-us-workers-focused-on-own-short-term-windfall-report . 2024-08-30 . 2024-08-31 . . 0261-3077.
  21. http://www.newsmeat.com/ceo_political_donations/John_Donahoe.php NEWSMEAT ▷ John Donahoe's Federal Campaign Contribution Report
  22. Web site: Donor Lookup . OpenSecrets.
  23. Web site: Donor Lookup . OpenSecrets.
  24. "Dartmouth News' announcement of Dr. Donahoe's appointment of U.S. Ambassador to UNHR ", The Dartmouth, 13 November 2009.
  25. News: Donahoe. Eileen and John. We Leaned Into Our Marriage. Lean In. 15 July 2013.
  26. News: Sellers. Patricia. EBay CEO Donahoe bares his own work-life struggles. CNN Money. 26 January 2011. dead. https://web.archive.org/web/20140425105029/http://postcards.blogs.fortune.cnn.com/2011/01/26/ebay-ceo-donahoe-bears-his-own-work-life-struggles/. 25 April 2014.

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