Hot off the Press - Another eBay Executive packs it in

[snugglypuppy]

Auctionbytes-NewsFlash, Number 1270 - May 02, 2006 - ISSN 1539-5065


eBay Chief Operating Officer Steps Down
By Ina Steiner
AuctionBytes.com
May 02, 2006 
eBay announced that Chief Operating Officer Maynard Webb plans to retire from the company in August 2006. Webb is responsible for corporate operations, including the legal, human resources, and corporate technology functions. Mike Jacobson, General Counsel, and Beth Axelrod, Senior Vice President of Human Resources, will report directly to eBay CEO Meg Whitman.

In 1999, Webb joined eBay as President, eBay Technologies, and in June 2002, he was named COO of eBay Inc. Prior to joining eBay, Webb was senior vice president and CIO at Gateway, Inc. He also worked as CIO at Bay Networks and managed technology operations at Quantum, Thomas Conrad, Figgie International, and IBM.

eBay has no plans to fill Webb's role. Corporate technology will be jointly managed by Matt Carey, Chief Technology Officer, eBay Marketplaces, and Scott Thompson, Chief Technology Officer, PayPal.

Since last Fall, eBay has seen several top-level executives transition roles or step down. Among them:

Rajiv Dutta, eBay's CFO (now President of Skype worldwide, an eBay subsidiary);

Marty Abbott, eBay's Senior Vice President of Technology (resigned, now at Quigo);

Matt Bannick, President of eBay International (who will be transitioning out of that role later this year in order to spearhead eBay's initiatives in corporate philanthropy)

Alex Kazim, eBay's Senior Vice President of New Ventures (now heading several new business areas at Skype);

Henry Gomez, head of eBay Corporate Communications (now head of Skype North America);

Lynn Reedy, CTO of eBay Marketplaces Product & Technology (resigned).

CEO Meg Whitman had herself considered a position at Disney in March of last year.

:mgoodnews:

[mandy]

Here's another former eBay Executive:

Ex-eBay executive appointed CEO at Eventful.com

Jordan Glazier, previously general manager of eBay’s computers, consumer electronics and other businesses, heads for Eventful.com, a searchable database for events...

Eventful.com, which launched 7 months ago with venture capital including funding from eBay founder Pierre Omidyar’s Omidyar Networks and half.com founder Josh Kopelman, among others, is a searchable database that allows visitors to find local events from rock concerts to fundraisers around the world...

full article: http://www.internetretailer.com/dailyNews.asp?id=18428

[bargainbloodhound]

eBay has no plans to fill Webb's role. Corporate technology will be jointly managed by Matt Carey, Chief Technology Officer, eBay Marketplaces, and Scott Thompson, Chief Technology Officer, PayPal.

I was hoping they'd bring in an outsider to fix some of the glitches instead of giving the job to the 2 head glitchmakers.

[stardust]

What it is, is... the Megster and Cobbster are gonna absorb the left over salary for themselves... 

[snugglypuppy]

And you can be sure there will be many more glitches and screw ups, we think it's bad now, it's only going to get worse.

[bargainbloodhound]

[quote author=stardust link=topic=3589.msg13413#msg13413 date=1146637743]
What it is, is... the Megster and Cobbster are gonna absorb the left over salary for themselves... 
[/quote]

...to make up for the huge decrease in the value of the stock and stock options they've received over the past 16 months as eBay's stock has fallen from 60 to 34.  Meg's total compensation ($10M) last year was only about 1/3 of what it was in 2004...all because of the stock's decline.  

eBay's falling stock price is probably one of the main reasons for the number of executives that have left since their compensation packages are heavily based on stock and stock options.  Getting a job at Google and a handful of its stock options is probably looking a lot more attractive to many ebay executives these days than remaining at eBay.

[xppman]

ebay has dug it's own grave and let me one of the first to spit on it.

Not because I've paid them thousands over the years. Because I have NOT.

But because of how they have treated ALL their paying customers at all levels.

I would still love to see Meg and team up on securities,
anti trust and insider trading charges. 

[iron_chick]

Meg's total compensation ($10M) last year was only about 1/3 of what it was in 2004...all because of the stock's decline.

Poor baby. 

[mandy]

Another departure:

OnForce, the only online marketplace for on-site technology services, announced the appointment of Paul Nadjarian as senior vice president of marketing. Nadjarian joins OnForce from eBay Motors, where he was responsible for the development of the eBay Motors Parts & Accessories business, which he grew to become the world's largest on-line marketplace for parts and accessories and one of the largest categories on eBay...

full press release: http://www.tmcnet.com/usubmit/2006/05/18/1655711.htm

[mandy]

Rogelio Choy (Mr. Let Me Be BLUNT) started out in the eBay developers program and then went over to work on Motors/Auto parts.  He announced on his blog yesterday that he's leaving eBay for Rockyou.com.

Ro rocketed to blogosphere fame when he posted a pretty good Paypal vs. Google checkout trash-talking on his blog and then it was digged and started to get quite a bit of press so he deleted it and then that made it spin even more...

full article: http://ebaystrategies.blogs.com/ebay_str..._drai.html

This is the same eBay executive who became infamous in the blogosphere earlier this year for his comments about Google Checkout :

eBay employee Rogelio Choy calls Google's GBuy EVIL and then WIMPS OUT!!!
http://community.tuliptools.com/index.ph...253.0.html