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Are Meg Whitman's days at eBay numbered?

Meg Whitman is at the top of her game. She's been named one of Forbes' top five Most Powerful Women, one of Time's Digital 50, Salon calls hers one of their fave "Brilliant Careers" and Business Week calls her an Empire Builder. In short, she rocks the board room with her underplayed charm and woman-of-the-people management style. With her at the helm, eBay has gone from little company that could to one of the biggest economies anywhere.

And now. Right about the time her hand-picked COO, Maynard Webb, retires this August, Meg will turn 50. She has already been at this CEO job for eight years (equal, it should be noted, with her longest tenure ever at a job up until now), rebuffing the opportunity to be CEO of Disney and (one would imagine) any number of less-well-publicized overtures.

When I saw the news about Maynard's retirement, I thought, boy Meg has been at this job forever. And, hasn't she about done all she set out to do? And naturally, the next thing I wondered was, how long until Meg hands in her resignation? I predict it won't be long.

Continue reading Are Meg Whitman's days at eBay numbered?

eBay after hours: COO Maynard Webb retires

eBay shares lost 9 cents today to close at $34.32. That .26% drop was a lot less than the Nasdaq's .77% drop, so I'll call it a decent day for the volatile stock. The shares could have been off more, but in the last half hour of trading, the stock perked up. Could there be some bargain hunters coming in around the $34 mark?

Hitting the wires after the close was news that Chief Operating Officer Maynard Webb will be retiring in August. It sounds like Webb may have worked himself out of a job. The release notes, "eBay has no plans to fill Webb's role. Over the past year, Webb and Whitman oversaw the decentralization of many operational functions in order to better serve the business needs of the company's various platforms."

I couldn't find much in the blogosphere about this move yet, but TechFinancialNirvana noted last Friday that Webb was selling shares.

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 01:09 AM

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