A letter to John Donahoe at eBay


eBay headquartersAs an active seller on eBay (under my wife's account), I feel these matters need to be brought to the proper authority.

Dear Mr. Donahoe,

It is with due respect and great interest that I witness your taking of the helm at eBay Inc. (NASDAQ: EBAY). Please take good care of her because many people, including myself, do love her dearly. There are just a few things which I believe need to be addressed in the pursuit of eBay's future success. Please give the following matters some of your earnestly deserved attention.

In my view, eBay's feedback system is broken. It sometimes becomes a tool of unwarranted attacks. Unsavory characters sometimes use it to extort compliance from unseasoned and defenseless buyers. This needs to be stopped. Please put some of your best people on this concern so it may be resolved. It's an issue of trust sir, and must be corrected for the health of the market place.

When considering changes in fee structure, could you do the sellers just one small benefit? Could you make it so the sellers get to keep a bit more of the profit from their work? It is understood that eBay as a corporation is in business to make money and I believe the sellers do honestly respect that. However, I assume that they also are in business to make money, please respect that position in kind. I believe that if you can see your way clear to letting the sellers keep a bit more of the profits, they in turn shall increase their presence in the market place. I'd expect that they'd gladly give you record breaking volume when given the proper incentive to do exactly that.

There's one last item which I'd like to address to you sir, and in my opinion it's of vital importance. It involves the condition of eBay share value. If the investment of your shareholders is of interest to you, might you consider making just one small adjustment? I'm of the opinion that if you announced a dividend of merely .04 cents a share, you'd be an instant national hero. But of course, that's just my opinion.

I thank you for your time and attention to these very important matters. May you prosper in your future with eBay, and may God truly bless you sir.

Most Respectfully,

Gary E. Sattler

Gary Sattler does not hold a position in eBay Inc.

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Last updated: February 10, 2012: 03:04 AM

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