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eBay CEO Meg Whitman
Meg Whitman's ten-year tenure at eBay is coming to an end

eBay Chief Executive Officer Meg Whitman has been with the company for nearly 10 years. When Whitman took over the helm, the company had 30 employees -- the company now has over 15,000 employees and brought in nearly $6 billion USD in revenue last year.

Shortly after joining eBay, Whitman commented that "No CEO should stay more than a decade in the same job." Whitman is taking her own advice and will retire from her position as CEO within the coming weeks according to the Wall Street Journal.

The prime candidate for the CEO position is John Donahue, president of eBay's marketplace business. Donahue would be tasked with strengthening eBay's auction business which accounts for over two-thirds of the company's revenue. Although eBay's auction business continues to grow year-over-year, the rate of growth has slowed recently.

eBay came under fire just over a year ago when it announced a new round of fee increases for regular auctions and fixed-price listings. eBay sellers who also accepted PayPal, another eBay-owned service, faced the double whammy of payment processing fees in addition to the increased auction fees.

Many sellers cried out for Google Checkout support on eBay, but the company's policies at the time -- and currently -- prevented the use of the competing payment service.

eBay also introduced a new feedback system earlier this year aimed at providing buyers with more information on sellers. As is the usual case when a new system is brought in to replace a decade-old staple, reaction was mixed at first. However, most sellers have warmed up to the idea of having their performance scored on four key areas: Item as described, Communication, Shipping time and Shipping and Handling charges.

Although eBay is best known for its online auction marketplace and PayPal, the company also owns Skype, Half.com and StubHub.com.





"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
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