EBay's New Tough Love CEO |
| BusinessWeek - Jan 24, 2008 |
For three years, as the stock of eBay (EBAY) has slid, Chief Executive Meg Whitman has asked investors for patience. On Jan. 23, when the online auction site announced that John Donahoe would take over the top job, he had a clear message for investors: 2008 isn't going to be your year, either.
Managing eBay is one of the toughest jobs in the tech industry. The CEO at the online auction site has the daunting responsibility of trying to keep happy three vocal, and often opposing, factions: eBay's investors, shoppers, and sellers. While Whitman did a stellar job of balancing the conflicting interests for years, she struggled more recently to keep any of the groups satisfied. Buyers and sellers are trying out rival Web sites, and investors' ire has grown as the company's shares have lost half their value over the past three years. "The market is saying that they are in real big trouble," says analyst Tim Boyd of American Technology Research.
Read Full Article from BusinessWeek
- Posted: 2008-01-24 09:43:22
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