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Thu Sept 11 2014 13:17:59

eBay Bids Adieu to Another Top Exec, CTO Mark Carges

By: Ina Steiner

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Four months after eBay revealed news of a major security breach, its Chief Technology Officer is stepping down. There's no indication the two events are related, however. Rather, the CTO is leaving to focus on a family matter, according to a post on the eBay blog.

eBay hailed Carges' contributions Mark Carges made over his 5-year tenure. "From overhauling search, and steering upgrades to the eBay Enterprise technology portfolio, to accelerating innovation through a number of strategic acquisitions, Mark has been instrumental to eBay's success," and it said he is leaving eBay "with a strong leadership team in place and a strong legacy that positions eBay Inc. as an innovative and strong company for future global growth."

Carges did well financially during his years at eBay.

Mark Carges compensation:
2009: $3.4 million
2010: $2.9 million
2011: $9.7 million
2012: $3.68 million
2013: $4.35 million

eBay also announced it has hired Steve Fisher of salesforce.com to "Senior Vice President and Chief Technology Officer (CTO) for the Marketplaces business." It doesn't appear to be an exact replacement for Carges, who was CTO of all of eBay Inc., not just Marketplaces.

And while Carges reported to eBay CEO John Donahoe, Fisher reports to eBay Marketplaces head Devin Wenig.

PayPal President David Marcus stepped down in June for a Vice President position at Facebook.

Update: Although Carges is resigning, eBay is extending him some perks, including 18 months of health insurance through COBRA. Read about the separation package eBay is providing him and information about his new role as board member at software firm Splunk in Newsflash.




Comments (50) | Permalink

Readers Comments

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

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

Thu Sep 11 14:31:28 2014

Oh, please!! Seriously?

A ''family matter''?? Give me a break!

Considering that most people know that's just a polite and non-confrontational way to say ''I was fired'' or ''he was fired'', one might imagine that they'd try to come up with something more original than ''to spend time with the family'' or ''family matters''.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: Massachusets Howler This user has validated their user name.

Thu Sep 11 15:13:12 2014

What if this new Bain exec is moving in to be groomed for Donahoes job- that would not be good.
mh

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: Massachusets Howler This user has validated their user name.

Thu Sep 11 15:14:28 2014

Carges fired over the hack.
mh

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: aim04744 This user has validated their user name.

Thu Sep 11 15:27:48 2014

And now we have our fall guy.  

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: sasikat9 This user has validated their user name.

Thu Sep 11 15:31:27 2014

Family Matter = Leave or be publicly fired.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: Russ This user has validated their user name.

Thu Sep 11 15:31:41 2014

Certainly hope the ''family matter'' resolves quickly....what with such a measly compensation record over the past five years...he must surely need to get a new job and soon!

Perhaps he may be become a seller on eBay...we all know how that's been faring lately....

The executive version of eBay's ''Dear John letter'' for sellers, of late.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: brokentoys19 This user has validated their user name.

Thu Sep 11 15:41:49 2014

"There's no indication the two events are related, however.  Rather, the CTO is leaving to focus on a family matter....   "


Right. Those matters surely will not include discussion of hack jobs, being gullible enough to fall victim to spearphishing or 11 site outages. Too funny.

Also noticed that Donahoe tweeted about it before any other mention I saw. hmmm.

https://twitter.com/Donahoe_John/status/510090405585485824


Looks
like a termination, not a resignation, but maybe that's just me?

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: HarmonyGroveAntiques This user has validated their user name.
Web Site

Thu Sep 11 15:54:53 2014

"leaving to focus on a family matter" is just another big old fat juicy lie like Ebay doing system maintenance on a Wednesday morning.

The fall guy for the hack has been shown the door!

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: iheartjacksparrow

Thu Sep 11 18:05:35 2014

What is it about working for eBay that causes so many family issues?  

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: Xander This user has validated their user name.

Thu Sep 11 20:09:44 2014

''What is it about working for eBay that causes so many family issues?''

Made me laugh big time. Good one... must be something in the kool-aid!  Or maybe it's from collecting all that blood money gained from hard working sellers, it might be bringing them bad ju-ju karma.

Ebay is one big soap opera these days.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: WOODJUNGLE! ON EBAY

Thu Sep 11 22:44:39 2014

If these guys earned a tenth of what they make now, it would still disgust me.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: Xander This user has validated their user name.

Thu Sep 11 23:46:03 2014

All one has to do is sell their soul and be willing to harm lots of people without remorse and they can get a job for one of these high profile companies making ridiculous sums of money.

Don't care if you damage other people lives? Come on in, we have a deal for you.

Now, in order for this to work, the people you control must be willing to sacrifice and tow the line. 99% for us, 1% for them to share.

For some, eventually the money is not enough and eats at their morals.

This is when they need to spend time with their families to come to terms with all the harm they have contributed towards.

It must be hard to damage so many peoples lives then go home to your children with pride.

I don't normally include links but watched this music video recently and felt it worth posting as it reminds me of these high paid executives who need to spend more time dealing with family matters.

''I've got mine'' by Glen Frey.

https://www.youtube.com/watch?v=YiSWFQkz3Tk

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: RCL This user has validated their user name.

Fri Sep 12 06:32:52 2014

I am sure there are worse CEOs that Donahoe. We may think of him longingly some day.... for his conservative management :) But I think he'll be walking soon. ESPECIALLY if Pay Pal chews its arm off and gets away.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: Rexford

Fri Sep 12 06:37:08 2014

WHEN is the eBay Board of Directors going to wake up?  We know who the buck stops with.......we know who has ruined the company.

I keep hoping that one of these ex-eBay execs will sing like a bird, but I guess those confidentiality agreements are choking their vocal chords.

Anyone keeping count of execs passing through the exit door?  How many has it been in the last year and a half.

You're doing a heck of a job Donnie-ho!

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: Rexford

Fri Sep 12 06:41:03 2014

RCL says "I am sure there are worse CEOs that Donahoe. We may think of him longingly some day"

Seriously? OMG

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

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

Fri Sep 12 07:15:43 2014

Stop kidding yourselves about "PreyPal"; it is a clunky middleman; it now has a limited life span, and David Marcus knew that ...

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid ... http://bit.ly/11F2eas

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: OmiGosh This user has validated their user name.
Web Site

Fri Sep 12 09:16:12 2014

Another one? The execs must KNOW something that we can only guess.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

by: gutspiller This user has validated their user name.

Fri Sep 12 09:39:59 2014

Yet another rat leaving the sinking ship!!!

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: Puck

Fri Sep 12 12:29:57 2014

Carges, Norrington, the Cassini guy, et al. left for family reasons.
Family Reasons = Bum's rush from Donahoe.

eBay Bids Adieu to Another Top Exec, CTO Mark Carges   eBay Bids Adieu to Another Top Exec, CTO Mark Carges

This user has validated their user name. by: bitbybit

Fri Sep 12 12:57:14 2014

Leaving execs are going to need a bigger doggy door.

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