Meg Whitman Readying for Retirement
22 January 2008The Wall Street Journal is reporting that eBay CEO Meg Whitman is readying herself and eBay for her retirement.
In the past few months, Ms. Whitman, who has led the San Jose, Calif., Internet auctioneer since March 1998, has been delegating more daily responsibilities to her lieutenants and is completing her succession planning, say people familiar with the matter. A decision about her departure could come within weeks, though the situation remains fluid, say these people.
John Donahoe, 47 years old, whom Ms. Whitman recruited in 2005 to become the president of eBay’s auction business unit, has emerged as the leading candidate to succeed her, added these people.
She’s been the CEO for 10 years. And it might be about time too. The company has stagnated in the last several years and it really is time for some change. Change for the better? That remains to be seen, but change never the less. It should be interesting to see how this all plays out and what changes Mr. Donahoe or whomever takes the reins makes.
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