Email a copy of 'eBay CEO Devin Wenig Addresses Shareholders at Today's Annual Meeting' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Naturally when the tough answer time comes Ebay has another “Glitch” and the audio goes out on the question and answer time. Could it be that Wenig as well as the BOD was afraid that he might be asked a tough question and might stick both feet in his mouth as usual? We have already seen what happens when he has to wing it for the Wall Street Analysts and how he suddenly starts throwing out new unknown buzzwords to try and make it look like he knows what he is talking about. They may believe him but i am sure Ebay was afraid that somebody in the shareholder audience was better prepared as to why Ebay’s stock continues to flounder below 40 after that sudden spike up where all the executives quickly cashed in their stock options and made a ton only to see the stock immediately start dropping the next day. Really rings of insider trading to a lot of people and I must admit I am hoping somebody mentioned it today or has actually contacted the SEC regarding the quarter end games that Ebay continues to play but never announce the corrections of.
What I would have given to be a fly on the wall or even better yet a shareholder who had the chance to discuss some of these constant issues that Ebay continues to have when their competitors don’t and the competitors show more than twice the growth that Ebay does at a minimum. Might have been time for a suggestion for the BOD to start interviewing for the CEO position so that Wenig can focus on his next gig. Actually I think that Ebay should enact a policy that acting executives cannot accept positions on other companies BOD as they need to focus ALL their time on Ebay since they are being paid all these millions to supposedly run this company and make it prominent again, not run it into the ground while seeking other paying gigs.
eBay, a software company, lost the audio for the Q&A session? Wow.
“Guiding Principles: Restless, constant experimentation; ”
Really, Wenig???? Your CUSTOMERS are trying to run a business. Your “restless” experimentation is making it really difficult to maintain a reasonably static business plan when we never know what your next fly in the ointment is going to do to that plan!
Oh, and what gramophone-georg said…ROFLMAO!
I guess someone asked why eBay continues to have single-digit growth while everyone else of significance is in double digits, which caused the audio equipment to blow a fuse.
I checked on all of my stock trading sites and they all had the transcript of the meeting but all of the Q and A was redacted.
It must have been scathing.
Yes, very convenient that only the Q&A portion suffered audio issues and was redacted.
As I keep on saying:
eBay = Dead Man Walking
Anybody have a cell phone recording of the question and answer period? I can’t find one online. It’s a shame that this American business has descended into the greed abyss like this. I am an eBay SELLER and as such, I am merely the lowest form of life, indeed a “street walker” (I hesitate to use a more succinct word) in the eyes of eBay management.
Wow – Ebay must have demanded that anybody who had access to the meeting not share any of the Q & A session because they knew it was going to look bad. But all of this redacting and everything else is just making Ebay look worse and worse in the publics eye, like they have something to hide.
All of us that deal with the site know they have a lot to hide, but Wall STreet has been so pro Ebay that they have missed all of the issues and maybe they are also afraid of what their customers would say if they heard or read what was said during that session.
eBay wanted no one to hear what the Q & A was because it would kill the stock. I was thinking about buying a few eBay shares just to go to the meeting but I am sure some other sellers were there so that is why they did not record it.
eBay = Dead Man Walking