Report: eBay CEO preparing to retire

Meg Whitman, chief executive of auction giant eBay, is planning to retire, according to a report in The Wall Street Journal.

Whitman, 51, recently has been entrusting more of the day-to-day responsibilities to others and "is completing her succession planning, say people familiar with the matter," The Journal said. She has held the top post since 1998.

According to the newspaper's sources, the decision about her retirement could happen within a matter of weeks, but "the situation remains fluid." The report named John Donahoe, president of eBay's auction business unit, as the most likely person to succeed her. Donahoe, 47, has been with the company since 2005.

An eBay representative declined to comment, The Journal said. The San Jose, Calif., company announces fourth-quarter earnings Wednesday.

[Drpixelphd2]

Finally - The Wench is leaving

CEO of internet auction site suckbay is leaving! Yeah! That still won't make me go back to them. Their fees are outrageous. They monitor item pages for items they don't want but claim that, they are not an auction house. Just so they don't have to possess a license in 50 states as an auctioneer. They stole patented ideas (buy it now). They suck!

[jdebar]

About Time

A CEO's without Moral compass and allowed by to run a company
with this level of influence for ten years speaks loudly about the
principles of its principals.

Pretend all they want, eBay's board is a bunch of insecure
individuals with little integrity.

[RompStar_420]

Yep, low lifes everywhere.

While I have high morals and ethics - it seems that in order to make it Big in the U.S. you have to brush those under the rug, regardless of what they teach you in school, college and so on.

Look at Bill Gates - he made it where he is today by doing lots of unethical, back-stabbing, stealing crap!!!

And that's just one example, look at Law Firm, bunch of low-life turds! But hey, if the money is good, who cares right ?

[2TuuTango]

Ebay in decline, Why people are leaving

If Ebay spent more money on weeding out bogus auctions (accounts "compromised" as Ebay calls it) and less money on CEO perks, people like my nephew, my cousin, my neighbor across the street WOULD NOT BE CANCELING their Ebay accounts.

The Ebay CEO is overpaid and Ebay IS NOT devoting enough funds to counter fraud on their auction site.

Google "EBAY FRAUD" or "PAY PAL FRAUD" and you'll see horror story after horror story of how good people have been defrauded by fake auctions on Ebay. PainPal (opps I mean PayPal) isn't immune to crooks either. Many long-time Ebayers are bailing out of their PainPal accounts and going back to accepting and paying by U.S. Postal Money Orders. At least the Post Office comes to your door with a Postal Inspector who wears a gun (if you are a crook) unlike the fat-cats at PainPal who do nothing to ensure honest folks using their service.

How long will take the new CEO to figure out their blood-letting can be fixed by getting crooks off of Ebay?

[2TuuTango]

MSNBC reports Ebay doing little to stop Ebay Fraud

http://www.msnbc.msn.com/id/3078736/

Got this off of a Google search... And there are many, many more... Also, tons of fraud problems (theft) just like this concerning PayPal.

Neither Ebay nor PainPal is doing enough to clean up their act in regard to security on their respective sites, and innocent victims (customers) are being victimized each day.

They need to pay the CEO less, and devote MORE funds to finding and fighting fraud on Ebay and PainPal. These top-tier executives are fat and lazy and their dynasties are sinking. As they say, RATS ARE ALWAYS THE FIRST TO LEAVE A SINKING SHIP.