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Wed Jan 4 2012 10:10:03

Who Will eBay Find to Replace PayPal President Scott Thompson?

By: Ina Steiner

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It's official - PayPal's President is leaving eBay to head Yahoo. Scott Thompson will become Chief Executive Officer of Yahoo on January 9th has also been appointed to the company's Board of Directors.

So where does this leave eBay? As I wrote in today's Newsflash article, Thompson's departure puts a major hole in eBay's executive bench and leaves eBay scrambling to replace the head of its most important unit.

According to eBay Inc. CEO John Donahoe, PayPal will become bigger than eBay as early as 2 years from now and is behind everything eBay does and every acquisition it makes.

Did eBay's Board make a major blunder by not replacing Donahoe with Thompson? And who do you think would be a good candidate for PayPal President to replace Scott Thompson?




Comments (41) | Permalink

Readers Comments

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: FED-up

Wed Jan 4 10:38:26 2012

''There's no doubt many small eBay sellers would rejoice if Yahoo snagged eBay CEO John Donahoe rather than Thompson. They've been hurt by the CEO's decision to coddle large brands and retail chains at the expense of small longtime eBay sellers''   WOW, that is the UNDERSTATEMENT of the year(so far :)

2012 could be a banner year if we could add the title/word FORMER to Donahoe, & ''our friend'' Barack.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Siobhan

Wed Jan 4 10:42:57 2012

Who'd want Donahoe?

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Kim M

Wed Jan 4 10:48:47 2012

Who cares!  I'm a top rated seller with all 5's for dsr's.......a bronze powerseller and ebay's best match has pretty much put me out of business.  They could replace him with any whino on the street corner, and it couldn't hurt my sales any more.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Mark T
Web Site

Wed Jan 4 11:04:46 2012

Kim M,

I would agree with your assessment.

Best Match has ruined Ebay.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Mr. Bill

Wed Jan 4 12:10:27 2012

The person who would succeed Thompson will be another wall street attorney with ties to Bain and company taking on a executive role at ebay, it does not matter if they are qualifield to manage paypal just qualified to manipulate wall street and cheat sellers If John Donahoe stays. The other question is why are all these executives leaving ebay? There have been many top executives who have left under Donahoe, the answer may be that they developed a conscious and are extremey worried about getting caught up in the legal mess of lawsuits that John Donahoe has created and those will be growing. I believe the paypal holds and ebay's TRS system which is clearly designed to hurt small, medium and part time sellers will play out this year and we will see John Donahoe ousted or fired as CEO. The experts on bullying will also tell you that when you see a large number of top executives leaving at a large corporations, they are being bullied. Donahoe definitely is bullying smaller sellers with outrageous policies and outrageous fees. Everone keeps saying what company would do this to their customers who pay the fees? I think the loss of all the sales generating final value fees and paypal fees ebay could have had if Donahoe would not have chased away honest small and medium businesses is going to take its toll. The dollar figure of what could have been for ebay and paypal had those sellers not left is astronomical, it has to be. Any increases ebay has shown is just the normal increase of online sales, and paypal. Donahoes has destroyed the ebay core site in the USA. I would love it if the people who do those type of tracking lost sales or estimates would release a dollar figure of how much ebay has lost in fees because of the mass exodus of sellers. I would hope if Donahoe and Thompson bothy leave that the board will wise up. Who said you have to lose millions to modernize and improve your business? That is exactly what Donahoe has done thrown away millions upon millions because he is a bully and has to be right.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: ZZTopshlf

Wed Jan 4 12:35:16 2012

The Latest Paypal Outrage.

http://www.regretsy.com/2012/01/03/from-the-mailbag-27
/

What
a total disgrace!!!

It most certainly won't be me, but at some point stuff like this is going to cause some one to go postal on Ebay and Paypal. You can't keep screwing people over like this and not expect something bad to happen.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: GL

Wed Jan 4 13:29:41 2012

Hmmm. I'm not seeing any resignation letter from Scott Thompson. But I do see a letter from Donahoe about it on allthingsgoods "eBay’s John Donahoe Expresses “Shock” Over Executive’s Departure to Yahoo (Internal Memo)"

Read it. He sounds delusional. Do they know how far beyond bizarre all this talk of replacing cash with paypal sounds?

It reminds me of when Lori Norrington left. Donahoe filled in for her too. He also wrote her goodbye letter for her IIRC.

At the risk of invoking Godwin's Law, Hitler fired all his Generals at some point and filled in for them too.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Wall Street Watcher

Wed Jan 4 15:13:47 2012

ePal has an unlimited supply of executive parasites capable of steering PayPal to new lows of corporate morality.

Only the face and name will change...the blood sucking parasite will remain the same.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Scotty

Wed Jan 4 16:22:56 2012

Straight from the press release:
''EBay Chief Executive John Donahoe said in an internal memo
that he was told about the move on Tuesday and was shocked.
EBay shares closed down 3.8 percent at $30.16 on Wednesday.
The decline was partly driven by Donahoe's admission that Thompson's departure was a shock, but the stock was also
weak because a PayPal spin-off is less likely now, according to RJ Hottovy, an equity analyst at Morningstar.''
Just imagine the rejoicing when he gets whacked or finds another job....

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Philip Cohen
Web Site

Wed Jan 4 17:10:58 2012

Well, Scott Thompson is apparently smarter than he looks after all; still he would know the real situation at PreyPal and he undoubtedly recognises that the clunky PreyPal is on the cusp of commencing its journey down the gurgler, and he is jumping off the tired old SS “eBay” before it too goes submarine—that is, always assuming he was not pushed overboard as is often the case on the SS “eBafia”.

“According to eBay Inc. CEO John Donahoe, PayPal will become bigger than eBay as early as 2 years from now and is behind everything eBay does and every acquisition it makes.”

Surprise, notwithstanding his obvious delusional state, eBay’s chief headless turkey has got it right: undoubtedly PreyPal will be bigger than eBay soon but it won’t be because PreyPal has gotten any more successful, just the opposite—Visa’s V.me will see to that; it will be because eBay has imploded.

And, who but a total idiot would invest in a PreyPal IPO now?

Dream on John “Turkey” Donahoe …

Who will take charge of PreyPal? Only a fool would take charge of PreyPal now. The real question is when is the eBafia Don going to also abandon ship, or be thrown overboard by the owners of the ship when they finally wake up to the fact that they have a “Captain Queeg” at the tiller?

eBay / PayPal / Donahoe: Dead Men Walking.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Anonymous Annie

Wed Jan 4 17:32:55 2012

Philip... that was my first thought too. The relative proportions that were predicted will not be due to PP growth, but instead due to eBay getting smaller and less relevant.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Bernie

Wed Jan 4 17:37:44 2012

"who do you think would be a good candidate for PayPal President to replace Scott Thompson?"

Somebody a little more honest like Bernie Madoff

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: pace306

Wed Jan 4 18:07:37 2012

JD was suprised? I dont believe it for a minute! But Yahoo? Its got no real revenue stream and isnt the powerhouse it used to be - so theres nothing Thompson can do but take the $ and sit back and do the same nothing he did at paypal. JD will install some stooge and all will continue as before.

Ebay has most analysts convinced that this will be thier breakout year. The end of reliance on small sellers for the old uneven revenue stream, the inclusion and mainstreaming of large retailers, the continuation of stealing sellers funds and items to bribe customers to come back - on and on. NO ONE is scanning items with thier iphone and then going to eBay - no matter how much JD dreams. The steering of customers (and rev share dreams) didnt work this Christmas - and the stupid TV ads did nothing either.

2012 is more of the same old crap no matter which stooge they install!

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Rich

Wed Jan 4 18:17:17 2012

Paypal has it's problems but has always been run much better than Ebay.  Both are great concepts, but simple concepts.  Paypal has made as few changes as possible so as not to ruin a great idea.  Ebay has been run poorly with little confidence.  Mass change with every minor problem has driven millions of Ebay buyers and sellers to Amazon.  I hope the new Paypal CEO doesn't ruin a great idea

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Philip Cohen
Web Site

Wed Jan 4 18:20:37 2012

As a matter of interest, a fool is taking over at PreyPal ...

“Ebay Boss John Donahoe To Serve PayPal’s Interim President”

http://techcrunch.com/2012/01/04/paypal-announces-
ebay-boss-john-donahoe-to-serve-interim-president/

 
eBay / PayPal / Donahoe: Dead Men Walking.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Ric

Wed Jan 4 18:50:59 2012

Having watched the unsuccessful reign of John Donahoe thus far, the replacement for Scott Thompson will come from outside the eBay umbrella, disappointing many within the company and leading to another round of upper management turnover.

John Donahoe is dependent on outsiders to bring in ideas for running eBay/PayPal for which he can take credit. JD over compensates these outsiders in order that he can own their talent and take credit for any ideas which might succeed.

The last time an original thought crossed John Donahoe's mind, he was lost in a library where a book fell off a high shelf striking him in the head.

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: asd

Wed Jan 4 19:52:28 2012

Me!

And i will rule the world pinky!!!

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: ehbuchan

Wed Jan 4 19:54:28 2012

How about replacing Scott Thompson with Buddy Cole?
Fabulous!! MMMh!

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

by: Insider

Wed Jan 4 20:24:37 2012

Did eBay's Board make a major blunder by not replacing Donahoe with Thompson? No, Mr. Thomson was a cancer on the company. Unfortunately, his replacement will likely be John McCabe. Who is cut from the same cloth as Mr. Thompson. We have a meeting tomorrow to for damage control. Wish me luck!

Who Will eBay Find to Replace PayPal President Scott Thompson?   Who Will eBay Find to Replace PayPal President Scott Thompson?

This user has validated their user name. by: Philip Cohen
Web Site

Thu Jan 5 00:41:09 2012

The headless turkeys in the eBay executive suite can run around bumping into each other all they like; nothing is now going to save either eBay from continuing, or PreyPal from starting, their journeys down the gurgler.

Regrettably, the damage has been done to eBay and is, at this stage, most probably irreversible. The only slight chance for eBay is if Mittless Romney wins the GOP nomination and selects his old “Pain from Bain” pal Donahoe as his running mate: Donahoe surely could not resist the opportunity to do damage on such an ever greater scale.

eBay / PayPal / Donahoe: Dead Men Walking.

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