PayPal's president leaving - a planned move?

Posted Jul 6th 2006 12:45PM by Melly Alazraki
Filed under: Major Movement, Management, eBay (EBAY)

As eBay is down nearly 5% to a new 52 week low and after some time has allowed for the news to settle in, this "planned move" announcement of Jeff Jordan, PayPal's president to leave the company in the fall, just doesn't make a whole lot of sense.

If Jordan was indeed groomed as Whitman's successor why would he leave now and he's not even 50-years-old? Under the same assumption, why would he be pushed out? If Jordan indeed decided to leave, is it possible the reasons are so we could see him heading a competitor's (read Google) online payment system down the road?

The timing of this move, a week after Google has unveiled its own online payment system to rival eBay's PayPal, and not even a year after Rajiv Dutta, Jordan's named successor, took over as Skype president, is at the very least, odd.

Finally, does this have anything to do with today's addition of Google Checkout to eBay's Accepted Payment Policy page, banning eBay sellers from using Google Checkout?

Tags: ebay, google, paypal

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7-06-2006 @ 1:06PM

sarah gilbert said...

I keep asking myself the same thing, Melly -- I met Jeff Jordan in 2000 when he invested in a company whose management team I was on. He's slick, he's professional, he's *not* the sort of person who chooses to 'spend more time with his family.' at the time he was positioned as eBay wunderkind and that position only solidifed over time (in my mind).

Meg seems to be losing her hand-picked friends. is it her own choice or is her hand being forced? hmmm... maybe I should blog about that!