Marcos Galperin is the CEO and co-founder of MercadoLibre, a massive online marketplace in Latin America. He started the company in 1999 and has grown it into the largest e-commerce platform in the region. Before MercadoLibre, he worked at J.P....

Current Market Cap

$104.03B

Number of Employees

58.31K

Total Compensation

2019 - 2023

Trending up by 36.36% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 16.50% last year

Bonus

Up by 40.72% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$3.40M

Salary

$522.88K

Board Justification

MercadoLibre's compensation philosophy is designed to align the compensation of its executives with business objectives and reward performance over both the short and long term. The compensation structure emphasizes pay-for-performance, with a significant portion of compensation contingent upon Company performance.

Bonus

$2.88M

Board Justification

The annual bonus for 2023 was based on pre-determined Company performance criteria, including net revenues, income from operations, total payment volume, and competitive NPS. The bonus was paid in USD and calculated considering a fixed amount in Uruguayan Pesos, then converted into USD at the exchange rate of the payroll calculation date.

Other

$0.00

Board Justification

No other compensation was paid out in 2023 for Marcos Galperin.

Restricted Stock

$0.00(0 None)

Board Justification

No stock vested in 2023 for Marcos Galperin.

Performance Metrics

The performance metrics for determining compensation in 2023 included net revenues, income from operations, total payment volume, and competitive NPS.

SEC Filing

From April 25, 2024