Newspaper wrap-up: EBay CEO Whitman may be on her way out
Posted Dec 31st 2007 10:30AM by Eric Buscemi
Filed under: Newspapers, Magazines, Apple Inc (AAPL), eBay (EBAY), International Business Machines (IBM), Advanced Micro Dev (AMD), Merrill Lynch (MER)
PAPERS:
- With shares of eBay Inc (NASDAQ: EBAY) down 17% from their highs in 2007, CEO Meg Whitman is more than likely on her way out, TheDeal Blogs speculated.
- According to sources, International Business Machines Corporation (NYSE: IBM) is in advanced talks to acquire the Israeli start-up XIV for 4300M-$350M, Globes reported.
- According to sources in London and New York, Merrill Lynch and Co Inc's (NYSE: MER) CEO, John Thain, is in talks with Chinese and Middle Eastern sovereign wealth funds this weekend, which could lead to the sale of another big stake in the U.S. bank, the Observer reported.
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Tags: Advanced Micro, AdvancedMicro, AMD, Apple, ebay, EBAY Inc, EbayInc, IBM, inthenews, iPod, iTunes, Macworld, Meg Whitman, MegWhitman, Merrill Lynch, MerrillLynch, Nvidia, Thain, XIV
Reader Comments (Page 1 of 1)
1-04-2008 @ 10:55AM
john said...
Good thing about Whitman maybe being out. She's a shareholder's disaster. She's not innovative and unable to get ebay in the shape it needs to go in. Her management style is what the Spanish call "el terible." (family guy reference)
1-05-2008 @ 9:17PM
scamthis said...
I don't think Meg is doing much with eBay these days other than exercising her stock options and working with Mitt Romney on his campaign. She will probably take sabbatical for an extended time, but i doubt she will leave eBay.
eBay has real serious problems with their seller performance policy. As usual with eBay innocent bystanders are getting hit with stray bullets and eBay could care less!
There is a seller that has been a long time member since 1999 who has negged 6 deadbeat bidders after filing unpaid item strikes and being granted his FVF credits - in true eBay fashion the deadbeats negged him back. Along comes eBay and limits his "power seller account" for poor performance.
What is wrong with this story? Can't eBay program their bot to check why he has those negs? It's the same old story with eBay and programs that just don't work right!
Take a few minutes to watch and listen to his you tube video. I blogged his eBay story over here: http://www.suspendedfromebay.com It's worth watching to see just how bad eBay treats their senior members!
1-07-2008 @ 12:36PM
Mozelle said...
Hopefully Meg will be thrown out on her rear! eBay needs new LEADERSHIP and QUICK!
What a SORRY CEO.
Any Mutual fund or other investment firm holding this stock in their portfolio has to be throwing up.
I therefore suggest, they all sell at once and crash this puppy:) Let someone else buy it for pennies on the dollar :)
Google has made money for their stock holders.
Amazon has made a fortune for their stock holders.
And eBay? Well....lets face it..lol...lol...lol...This stock is a dog, pure and simple. They have lost Billions of money for their investors. This company may as well go belly up all the way....
Millions and millions of people, complaining about their unfair feedback system world wide, does not a good company make!
I can't imagine this company moving forward in it's present state.
They have had their run....It's over.
Word of mouth and their feedback system, will kill this company in the end....Bad...Bad reputation.
Everywhere I look on the internet, someone is saying something negative about this company.
Not a good sign....
1-09-2008 @ 11:48AM
Mozelle said...
Up date...
eBay stock is sinking like a rock...down to 29.00 this morning.
Romney is out...No cabinet position for Meg. (ouch) spent all those millions for nothing.
Meg should still step down, before this stock sinks to nothing...
1-13-2008 @ 12:38PM
John said...
What kind of CEO allows it's site to advertise NETFLIX when you search for movies on eBay?
What a two-timing dingbat Meg Whitman is.
I sell movies on eBay and am very frustrated to see that an ad at the top of eBay's screen that encourages shoppers to go to NETFLIX!
It is not good policy to screw the eBay sellers who helped build the company.