eBay Head To Retire, Company Tries To Recoup Business
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
SAN FRANCISCO — The chief executive officer of eBay Inc., Meg Whitman, announced yesterday her retirement effective March 31, making way for insider John Donahoe to assume control of the e-commerce giant. The change in leadership, reported earlier yesterday by CNBC, comes as the e-commerce company tries to reinvigorate its core auction business amid increasing competition from online retailer Amazon Inc. and growing concern about a broader slowdown in consumer spending. After the close yesterday the company reported fourth-quarter earnings of 39 cents a share, from 25 cents a year ago.
