Black executive Peggy Alford earns $9.3-million salary from PayPal in 2022

Omokolade Ajayi -

Peggy Alford, the highly accomplished Black executive serving as the executive vice president of global sales and merchant services at PayPal Holdings, received a total compensation of $9.3 million from the leading financial technology company in 2022, attributed to her indispensable contributions to the organization’s financial success.

The 2022 compensation package, while substantial, marked a 12.5-percent decrease from her previous year’s total reward of $10.6 million. This remuneration encompassed a base salary of $736,731, supplemented by a performance-based short-term incentive of $199,219, contingent upon the company’s robust fiscal year performance.

In recognition of her continued dedication, vast experience, and business and leadership acumen, Alford also received a long-term incentive award of $8.35 million from the fintech giant.

The leading Black executive, who has overseen PayPal’s global sales and distribution since assuming her role as executive vice president in March 2020, has played an instrumental role in leading the Customer Success and Go-to-Market teams, further cementing PayPal’s position as a leading digital payment method for both consumers and businesses worldwide.

Her career has been characterized by a consistent track record of success, primarily due to her adeptness in building and leading diverse and experienced teams.

Prior to her tenure at PayPal, which began in 2011, she held various positions at Rent.com, a former eBay subsidiary, and a national real estate listing service. Peggy Alford currently serves as a board member of Macerich, a real estate investment trust, and maintains a seat on Facebook’s board of directors.

Since taking on her role as executive vice president of global sales in March 2020, Alford has fostered a collaborative work culture that encourages teams to create scalable and effective solutions, leading to significant financial milestones for PayPal.

In fact, PayPal reported an eight-percent increase in revenue at the close of its 2022 fiscal year, growing from $25.37 billion in 2021 to $27.5 billion. The company’s total assets also showed consistent growth, expanding from $75.8 million in 2021 to $78.72 million in 2022.