Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Sat May 23 2020 16:16:30

Former eBay CEO Walks Away with $57 Million Package

By: Ina Steiner

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Former eBay CEO Devin Wenig walked away with a $57 million package last year, according to a company filing with the SEC (Securities & Exchange Commission). Of that, $780,769 was salary and $40 million was classified as "other compensation."

Wenig left the company abruptly on September 24 under ambiguous circumstances. At the time, eBay Chairman of the Board Thomas Tierney cited "a number of considerations," and Wenig said in a Tweet he was "not on the same page" as the Board. (Tierney himself will be stepping down from the eBay Board in June where he's served as Director since 2003 ... Read More

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Fri May 22 2020 21:55:28

Head of eBay Developers Program Departs Company

By: Ina Steiner

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The head of the Developers program for eBay Marketplaces and eBay Classifieds Group departed today as the company slims down. eBay has been under pressure from activist investors for over a year to sell off parts of the company - including the classifieds unit.

After the abrupt departure of CEO Devin Wenig in September, eBay sold its StubHub ticket marketplace for $4 billion, and a new report out today from Bloomberg (via Yahoo Finance) about companies that are bidding for the eBay Classifieds Group says the unit could fetch $8 - $10 billion.

In her LinkedIn profile Gail Rahn ... Read More

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Fri May 22 2020 16:53:39

eBay QR Feature for Local Pickup Runs Into Roadblock

By: Ina Steiner

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A new feature designed to help sellers protect themselves from bad buyers is not 100% ready despite an engineer having announced it during a podcast episode in late April.

eBay devised a QR code that could be used as delivery confirmation for Local Pickup orders in lieu of tracking numbers provided by shipping companies. For obvious reasons, tracking numbers aren't available for local pickups (since the item isn't shipped), making it difficult for sellers to prove the customer received their order.

An eBay engineer described the feature during an eBay for Business podcast on April 28, which we wrote about on Read More

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Wed May 20 2020 17:05:00

eBay Shakes Up Board of Directors, Chairman to Depart in June

By: Ina Steiner

 

Longtime member of eBay's Board of Directors Thomas Tierney is stepping down at the end of June. Tierney joined the board in 2003 and became Chairman when eBay split with PayPal in 2015 due to pressure from activist investor Carl Icahn.

Longtime director Fred Anderson is also retiring from the eBay Board, and eBay expects to recruit at least one additional independent director in the coming months.

The shakeup comes 8 months after the abrupt departure of CEO Devin Wenig last September and 16 months after activist investors began pressuring eBay to break up the company. eBay has since sold StubHub and is ... Read More

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Sat May 16 2020 23:22:17

Early Adopters of eBay Payments May Be Out of Luck

By: Ina Steiner

 

Despite playing guinea pig to eBay's Managed Payments when it launched in 2018, it appears early adopters of the program will be forced into a new fee structure eBay is rolling out in July that includes a per-transaction fee of 30 cents. 

eBay had promised early adopters they would be grandfathered into rates that were in effect when the program launched on September 24, 2018 through 2021. eBay executive Vikas Mehta led the initial rollout of payments in North America in 2018 and stated the following during eBay's weekly chat session on August 22, 2018:

"Our goal is to ... Read More

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