eBay’s CEO, Meg Whitman is hanging up her CEO hat as of March 31, it was announced this past week. She’s been heading up eBay for a full 10 years, which as she herself said, is as long as any CEO should serve for a public company.
This move was fully expected. A lot of people (mainly eBay sellers) feel that a new direction is needed with eBay. And on the surface, that was Ms. Whitman’s message too as she said:
It’s time for eBay to have new leadership, a new perspective and a new vision.Having said that, one might expect her replacement to come from outside eBay. However, John Donahoe, the current head of eBay marketplaces, is replacing her and Rajiv Dutta the current head of Paypal will be reporting to him. New leadership can come from within.
What will Donahoe do? Not much news yet coming from Donahoe although he did allude to playing with the fees again. Specifically, he mentioned lowering listing fees but possibly raising final value fees. Hmm, that sounds like more of the same. According to the Auction Bytes Blog, there will be a pricing announcement next week.
Donahoe is not a bad choice by any means. His background at Bain & Company focused a lot on turnaround issues so it will be interesting to see how he applies those skills to eBay. For the past few years, eBay has been focusing on ‘improving the buyer experience’ somewhat at the expense of eBay sellers. Will Donahoe stay this course or will he start responding to seller needs and stop the flow of sellers bailing out of eBay?
Do you have a home based business that runs all or in part on eBay? What are your thoughts on Meg Whitman’s stepping down?
AP Article Source