Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Mon June 9 2014 16:46:43

eBay Loses PayPal President David Marcus to Facebook

By: Ina Steiner

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eBay is losing the head of PayPal, it announced on Monday. PayPal President David Marcus is leaving eBay on June 27 to lead Facebook's messaging products.

The parting of ways seems collegial, with eBay CEO John Donahoe saying nice things about Marcus in a statement (Marcus helped make a great business better, reinvigorating product design and innovation and energizing the team to deliver compelling consumer experiences).

Likewise Marcus bid a fond farewell to PayPal employees on a post on LinkedIn (the hardest thing for me in my (painful) thought process was around the amazing people at PayPal I've been blessed to work with in the last 3 years).

Another indication it was not a contentious parting of ways was the fact that Marcus will stay on for another 3 weeks.

Donahoe will have a daunting task to find a candidate that can step into place with an unplanned transition. It's one more major issue he has to deal with, and it will be interesting to see how he responds to possible questions about the Marcus departure, the security breach and the manual action Google took against eBay at his keynote address on Wednesday morning at the Internet Retailer conference.

Ironically, it seems Marcus took his own advice about leaving PayPal. Venture Beat published a memo in which Marcus scolded employees for not using PayPal on mobile devices:

"In closing," Marcus wrote in the memo, "if you are one of the folks who refused to install the PayPal app or if you can't remember your PayPal password, do yourself a favor, go find something that will connect with your heart and mind elsewhere. A life devoid of purpose, and passion in what you do everyday is a waste of the precious time you have on this earth to make it better."

I hopped on the phone with eBay Inc. spokesperson Amanda Miller this afternoon and asked a few questions, here's the gist of the conversation:

When will eBay announce a replacement for David Marcus?

Amanda Miller: When we find the right candidate.

Does eBay have any candidates in mind?

Amanda Miller: We just announced the news, we'll conduct a search to find the best candidate.

Will PayPal be able to navigate smoothly after June 27 if no replacement has been found?

Amanda Miller: Of course. John Donahoe will lead the PayPal day-to-day operations. We have a strong leadership team in place.

Will PayPal consider internal candidates?


Amanda Miller: We will search internally and externally to identify the best candidate.

Is David Marcus's departure in any way related to Carl Ichan?


Amanda Miller: Absolutely not, David has always been supportive of the company's view that there are synergies between eBay and PayPal.

Is David's departure in any way related to the security breach?


Amanda Miller: Absolutely not. David explained in his post on LinkedIn that he enjoys working with small teams and building something new and meaningful at scale.




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Readers Comments

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

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

Mon Jun 9 16:56:29 2014

I want to know if David Marcus and John Donahoe KNEW about the breach BEFORE the stockholders meeting- that is what I and OTHERS want to know.
Did Donahoe know- Yes or No????????
Did David Marcus know- Yes or No???

I SAY AGAIN- DID JD OR David Marcus KNOW ABOUT THE BREACH before the meeting AND DID THEY DECIEVE INVESTORS?

DID THEY KNOW?

MH

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Philip Cohen
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Mon Jun 9 17:33:15 2014

What's up David, you get tired of being surrounded by so many headless turkeys?

eBay Inc, where the incompetent mingle with the malevolent and the criminal, and the just plain stupid ... http://bit.ly/11F2eas

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Philip Cohen
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Mon Jun 9 17:37:47 2014

"The parting of ways seems collegial, with eBay CEO John Donahoe saying nice things about Marcus in a statement"

I can assure you that such partings are never "collegial"—except when the departing person is leaving only to "spend time with their family" ...

How about Johnny Ho departing next?

eBay Inc, where the incompetent mingle with the malevolent and the criminal, and the just plain stupid ... http://bit.ly/11F2eas

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Ming the Merciless

Mon Jun 9 17:38:55 2014

Has Lyin Ryan moved on?

If The Ho will be running PayPal's day to day operations, I'm sure he'll do the same stand up job he does for ebay.

If you keep money in PayPal, sellers should consider moving into a secure bank account.

Call it a PayPal "run." A run on banks in 1929 precipitated the Great Depression, and a run on PayPal would diminish the amount of working capital The Ho has to play with.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Ming the Merciless

Mon Jun 9 17:40:04 2014

Bye, Bye Alfred E. Neuman.

I don't like Facebook, either.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

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

Mon Jun 9 17:47:52 2014

(Does this mean that the Paypal coke machine is safe from further hacks, as directed and supported by David Marcus)?
David Marcus, the PP "President" who urges and commends his employees for performing ILLEGAL HACKING of vending machines.
How much SYMPATHY should we have about ebay being hacked when David Marcus HIMSELF Chastised employees ("paypals"- YUCK) for not hacking a coke machine!!

I hope that coke machines owner knows why he kept coming up short- David Marcus- THIS IS THEFT and you really showed YOUR TRUE NATURE with that email.
MH

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

by: sasikat9 This user has validated their user name.

Mon Jun 9 17:55:44 2014

The Ho will run paypal while they look for a replacement....

Hang on folks changes are in the wind again.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: iheartjacksparrow

Mon Jun 9 18:07:43 2014

"John Donahoe will lead the PayPal day-to-day operations."

And we know what a great job JD did leading eBay!

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Ric

Mon Jun 9 18:08:09 2014

This marks the second notable departure from eBay in as many weeks. Perhaps the rats are abandoning eBay's sinking ship and seeking to escape being forever associated with the steady decline of a once mighty company.

No doubt in my mind that eBay will replace Mr Marcus with yet another extremely over compensated MBA who lacks experience as an eBay and PayPal user.

Part of the interview process will likely include questions about the candidate's ability to ignore user complaints, as well as users best interests while assuring that PayPal's bottom line is the primary concern.

It is also likely that the next PayPal President will have to open a PayPal account (which will go unused) since management at eBay traditionally does not use the companies products or services.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Puck

Mon Jun 9 19:41:02 2014

News Flash - Alfalfa Calls It Quits!

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Puck

Mon Jun 9 19:47:30 2014

''Donahoe will have a daunting task to find a candidate that can step into place with an unplanned transition.''

He's checking to see if Scott Thompson or the former CEO of Circuit City is available.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Puck

Mon Jun 9 19:49:07 2014

''John Donahoe will lead the PayPal day-to-day operations.''

Huzzah!

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Puck

Mon Jun 9 19:53:36 2014

''Donahoe will have a daunting task to find a candidate that can step into place with an unplanned transition.''

He's checking to see if Scott Thompson or the former CEO of Circuit City is available

Perhaps recall Lorrie Norrington back from Gulag More Family Time.  

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

by: Mr. Me This user has validated their user name.

Mon Jun 9 22:30:22 2014

Wow, what a vote of non=confidence, and leaving for a washed-up last-years-fad company, facebook !,
eBays stock is rapidly going down the toilet this should "pull the lever a couple more times", fun to watch.
Uh-oh ... I just used the words fun and ebay in the same sentence, havent done that since 2008!
Will somebody send Donahoe and Ichan a couple tubes of preparation-H!

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

by: NetWatch This user has validated their user name.
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Mon Jun 9 22:38:24 2014

A few things to consider...PLAUSIBLE SCENARIO PRESENTED IN AN EBAY DISCUSSION BOARD THREAD EARLIER: gopetersen wrote:
"Marcus to Donahoe: What are you doing telling everyone there will be Bitcoin-PayPal integration in the near future?

Donahoe: Just do it.

Marcus: Like hell. Do you even know what you're talking about? Do you realize what that entails? I'm gone."

Reading between the lines with Donahoe's recent BitCoin remarks, one wonders if Marcus' new replacement at PayPal will be someone from Bitcoin or someone familiar with initiating a BitCoin integration into PayPal.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: Ming the Merciless

Mon Jun 9 23:36:17 2014

@ Mr. Me

"Wow, what a vote of non=confidence, and leaving for a washed-up last-years-fad company, facebook!

Shhh! Marcus doesn't know just last year Facebook is.

Somehow this looks like either s step down or a lateral move. Happy campers do neither.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

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

Tue Jun 10 00:23:08 2014



I though David Marcus wanted to "Change the World"- Thought he woke up each day and his very 1st smiley morning thought was of his dear Paypal- thought he was "Passionate about PP"- in fact "So Passionate" of his mission at Paypal that nothing else mattered? That he was not "wasting his life because he was passionate about improving the world"??

From his very passionate words I first though he was talking about working for FEED THE CHILDREN or something- not the parasite paypal!

Were these GENUINE feelings Mr. Marcus??

I mean, David, how will you be able to LIVE without your beloved Paypal??

Sorry David, you will have to "Save the World" some other way.

Perhaps you will meet your life's pursuits and karmic mission over at Facebook.

How LUCKY the folks at Facebook are indeed- Please oh Please David Marcus come back to us at ebay as we need your wise visions.

Help save our world!

Facebook be blessed with this wonderful "changer of the World".

How will we do without this wonderful visionary "partner"?

For a while, I thought David Marcus was the 1st man on earth who actually had a secret love affair with a corporation.

Facebook vending machine guys- count your change carefully.

REMEMBER the exact wording of that letter DM wrote to his Paypal's- he was a primary maintainer/ENFORCER of the ebay company line over there and now he is gone- it will be increasingly difficult for JD to maintain this company illusion himself.
This in itself is a strong catalyst for change.
But I haven't listed anything in monts so I really do not care.
JD can stand alone- tee-hee-hee.
MH

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

This user has validated their user name. by: The End

Tue Jun 10 03:01:16 2014

Seems Marcus was unable to stop those PayPal Holds. Nobody wants those but Donahoe.
That's what Rakesh Agrawal was trying to accomplish when he ran into the Brick Wall.
So, essentially, No One is in charge at PayPal now.
PayPal is still a criminal entity.

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

by: pace306 This user has validated their user name.

Tue Jun 10 05:27:45 2014

Its all smoke & mirrors.

Marcus knows the REAL numbers and ran for the hills.

He knows how much business comes frm where - the declining numbers on eBay which is basically Paypals life line.

If eBay went belly up tomorrow, Paypal is OOB. There would be no more sellers to steal from, hence o Lears, mansions and million dollar bonuses.

If things were rosy at Paypal, why leave? If he was leaving for Apple, or Google and had job in hand he would have said so.

He better PRAY to what what ever god he believes in that no one in the firm he goes to ever had the "usual Paypal encounter" or he will be out of a job ASAP.

Why is JD getting involved? Doesnt he have the data breach, the Google issue and many other things on his plate, or are they all "old news by now" ... guess they are. Lie, steal, cheat then move on as if nothing ever happened.

JD needs time now to find a new stooge that will go along with his crooked schemes .... any takers? Rikers full of con men - maybe Bernie Madoff is available?

Perminate Link for eBay Loses PayPal President David Marcus to Facebook   eBay Loses PayPal President David Marcus to Facebook

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

Tue Jun 10 06:25:50 2014

Poor old paypal,just when they thought things couldn't get any worse.

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