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|Tue Aug 22 2006 13:28:02|
WSJ Article on Meg Whitman
By: Ina Steiner
"EBay Merchants Seek Management Change: Wall Street Stands by Whitman As Profit, Revenue Growth Slow; A Dichotomy Over Perspective," By MYLENE MANGALINDAN, Wall Street Journal, 8/21/06
Paid subscription required to read article: (Link) The following are excerpts to give you a flavor of the story:
"Despite a recent swoon in eBay Inc.'s share price, Wall Street seems willing to give Chief Executive Meg Whitman the benefit of the doubt. EBay's merchants beg to differ."
"Some (sellers)... recently have called for drastic action and management change .... They are particularly upset at the deterioration in the company's flagship auction site, where they say they are seeing fewer transactions and declining sale prices."
"...Yet investor sentiment toward Ms. Whitman remains sanguine,..."
Comments are welcome! (Please focus on the business aspect of this issue, thanks.)
A couple of thoughts off the top of my head. Meg Whitman has done a good job of growing the eBay brand and spent much of her career at eBay focused on international growth, much to the benefit of the company. On the downside, Asian expansion has been very disappointing in my opinion, and now Whitman has lost her focus.
Whitman can drive the eBay train if she gets back to basics, removes the layers she had put in between herself and employees and customers, and thinks long term rather than short term.However, there has been speculation that Yahoo and eBay may get closer, perhaps merge. I have no special insight into this, btw. But could that explain some things?
|WSJ Article on Meg Whitman|
|Tue Aug 22 19:47:25 2006|
Here's a link to the article on Contra Costa Times. While you may have to register, there is no charge.
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