Email a copy of 'Etsy Tweaks Golden Parachutes for Top Executives' 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/.
Funny, this almost sounds like a response to the question of should Ebay sell Stub Hub and buy Etsy. It does sound more and more like they are anticipating being bought out for one reason or another and my guess would be that they are having major cash flow issues based on all of the problems Sellers have been having getting their money from them lately.
This now protects senior management so they do not all bail and leave Etsy sitting in really bad shape so that nobody will buy them due to having no infrastructure due to all the big guys leaving. Now it really sounds like something Ebay would buy and deal with as the shareholders would once again get nothing for their money as Ebay would just let management go thinking they know more than the Etsy management could possibly know and all the Sellers would leave as well. So Ebay would, as they do with Wenig, get nothing for their money.
The bastards.
That term “top talent” is hilarious