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Post: #1 Posted: Sun Jan 27, 2008 2:59 am |
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Steve - Admin |
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eBay boss quits to give auction site 'fresh pair of eyes'
Andrew Clark in New York The Guardian, Friday January 25 2008
One of America's top businesswomen, Meg Whitman, is retiring as the boss of eBay on an off-tune note as Wall Street punishes the internet auctioneer for a slowdown in its once-phenomenal rate of growth. The Silicon Valley firm announced that Whitman, 51, is stepping down as chief executive in March to make way for her righthand man, John Donahoe.
Whitman said it was time for a "fresh set of eyes" at the top of the company. Her departure was announced as eBay delivered a disappointing forecast for its future earnings, sending its shares down by 5%.
"With the level of technological change, competitive dynamics, consumer change in our industry, sometimes you need a fresh set of eyes and a new vision," said Whitman, who has taken eBay from a little known start-up to a household name since joining in 1998. [Read Full Article]
© Guardian News and Media Limited 2008 |
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