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eBay’s Meg Whitman Reported on Her Way Out

eBay CEO Meg Whitman, after 10 years running the company, is planning to retire, according to the Wall Street Journal, which pegs John Donahoe, president of eBay’s auction business, as her likely replacement.

Early in her administration, the paper says, she voiced the thought that CEOs get stale after 10 years on the job and should move on, but eBay’s once-novel virtual flea market, while still a top destination, has also been losing ground in recent years.

In fact, listings were down 3% in the third quarter and revenue growth has slowed from a triple-digit gallop to a relatively staid trot of about 30% a year, with earnings up only 4% to $1.13 billion on a turnover of $5.97 billion in 2007.

eBay wants to hike prices to keep its numbers up and may find that easier to do under new management, the paper suggested.

When it tried that the last time, there was an uproar.


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