Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Wed May 20 2020 17:05:00

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

By: Ina Steiner

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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 reportedly shopping around its Classifieds business unit.

eBay's board revealed the changes in its letter to shareholders in its proxy report on Wednesday, and wrote, "As a result of thoughtful succession planning, Compensation Committee Chair Paul Pressler will assume the role of Chair of the Board."

While some eBay sellers have indicated a desire for more retail experience among the leadership, the company said its priorities for new board members include adding additional financial and technology product expertise, as well as enhancing the Board's gender diversity.

The eBay board told shareholders that the selection of Jamie Iannone as Wenig's permanent replacement this month was made with its full and unanimous support. "We believe Jamie is the ideal CEO to lead eBay's next chapter of growth and success," it wrote.

Tierney and Anderson will retire from the Board effective immediately after the annual meeting, which will be held on June 29, 2020.



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

by: RL15 This user has validated their user name.

Wed May 20 17:22:22 2020

nice to see those 2 leaving.

I still doubt if there will be any positive changes for sellers though.

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by: buffalochick This user has validated their user name.

Wed May 20 17:23:23 2020

And, as usual, not a very attractive new shade of lipstick for the pig. I just don't get why you would WANT to be the new ebay CEO. Until ebay remembers what made them successful IN THE FIRST PLACE, they will just keep chipping away at the rock they once owned. The just don't get it. And frankly Scarlet, who cares what ebay does. They are NOT the only game in town anymore. If u have all of your eggs in ebay's basket you will go down with them. And I can't wait!

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This user has validated their user name. by: unsuck
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Wed May 20 17:48:58 2020

Godspeed Tierney! ...Don't let the door hit you on the way out!

~~~~
Why would anyone want to be eBay CEO?

Well for one it pays pretty well.

Even when you fail miserably and get tossed-out (a-la Devin Wenig), you'd never have to work again if you didn't want to.

Wenig cleared over $57 Million in total comp last year with his Golden Parachute.

Not bad, eh?

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by: FeelingFroggy This user has validated their user name.

Wed May 20 18:14:22 2020

NEWS FLASH NEWS FLASH......Cost of doing business will be going up in order to pay for all the golden parachutes for those that are supposely retiring

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by: ebayout This user has validated their user name.

Wed May 20 18:30:20 2020

I picture the 7th floor at ebay like the scene from "Patton" that showed the German war room burning papers in chaos as the Allies advanced.
In this instance, Patton is the overwhelming non-acceptance of MP.

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by: Moonwishes This user has validated their user name.
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Thu May 21 00:13:22 2020

I don't sell on eBay any more, but I can't conceive of anyone wanting to be on the BOD for 17 years and the boss of the BOD for 5. I didn't think that they got that much money but then eBay loves to throw money at the folks that aren't making any for them. Like how is it 'thoughtful succession planning" to put the pig in charge of compensation in the spot of the chairman of the board??  I don't understand eBay's way of thinking on anything, but probably because I am too honest and don't know how to be devious.

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

by: lancecorp This user has validated their user name.

Thu May 21 05:23:31 2020

Forget the gender diversity PC. I don't care if it's a man, woman or monkey - get the best person for the job. I see many more people announcing they are leaving the platform. Facebook Shops is yet another option. I dropped my yearlong subscription and am only doing month to month as other venues are picking up and I don't have to worry about returns 30 days after the fact.  

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by: pace306 This user has validated their user name.

Thu May 21 07:21:39 2020

"While some eBay sellers have indicated a desire for more retail experience among the leadership, the company said its priorities for new board members include adding additional financial and technology product expertise, as well as enhancing the Board's gender diversity."

So ... lets do nothing and pretend we are ALA ENRON.

Sellers dont care what gender the BOD is made up of - no one does.

Whats important is to have the best people running the company - black, white, yellow, orange, green, male of female.

And, while Id prefer to have actual HUMANS running the company - based on how its run - they could hire out 1/2 the San Diego Zoo and get better quarterly results!

Yes, Im one of the people who constantly say "yes lets get people in there who have ACTUAL experience in the business we are supposedly in .. you know ecommerce & stuff" ... but why hire people like that - thats just "silly".

Then again Mr Seller Protection had no experience - the book tells you nothing that eBays own Help pages couldnt and they hired him!

Most eBay employees are dolts - Ive met them at shows - bright as a box of 25watt light bulbs.

"additional financial and technology product expertise" means hiring cronies who will milk the system for more seller cash ... geez they think we are all stupid.

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

by: Smallseller This user has validated their user name.

Thu May 21 08:55:26 2020

I only have experience in 1 company that had a Board of directors. It was the actual employees and CEO that ran the company on a day to day basis. The board members were also volunteers. Most of the Board, had no idea on a day to day basis, how the company was run. The Board was made up of very competent individuals with diverse backgrounds but without knowledge of the actual nuts and bolts. They voted on resolutions presented to them and never once in 8 years did a resolution not pass. They were basically yes people. I do not know how other Boards work and to what extent the ebay Board has any actual influence or input on the decisions that are being made.

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by: ebayout This user has validated their user name.

Thu May 21 10:27:02 2020

No mention of being multi-lingual? Surely the new board members have to understand Ebayspeak.  

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

This user has validated their user name. by: Covid-20

Thu May 21 13:17:31 2020

"π‘Ύπ’‰π’Šπ’π’† π’”π’π’Žπ’† π’†π‘©π’‚π’š 𝒔𝒆𝒍𝒍𝒆𝒓𝒔 𝒉𝒂𝒗𝒆 π’Šπ’π’…π’Šπ’„π’‚π’•π’†π’… 𝒂 π’…π’†π’”π’Šπ’“π’† 𝒇𝒐𝒓 π’Žπ’π’“π’† π’“π’†π’•π’‚π’Šπ’ π’†π’™π’‘π’†π’“π’Šπ’†π’π’„π’† π’‚π’Žπ’π’π’ˆ 𝒕𝒉𝒆 π’π’†π’‚π’…π’†π’“π’”π’‰π’Šπ’‘......"

Stop. Just . . . . Stop!  Ain't no seller ever indicated any desire I am quite sure.  -Not one.
More of the pathetic jedi mind-trick rhetoric and board room propaganda all done in third person.

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

This user has validated their user name. by: RKTOYS

Thu May 21 18:09:37 2020

Different idiots, same stupidity.

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

by: Snapped This user has validated their user name.

Thu May 21 21:19:52 2020

Managed Payments is probably THE largest, most impactful, and most complex paradigm shift in operations eBay has ever attempted. And given the unprecedented increase (and likely a permanent β€˜sea change) in β€˜Socially distant buying procedure’ equating to a three fold increase in online purchases everywhere, well, that’s a perfect time to rattle the cages and replace whole chunks of the upper echelons, right?

Not.

Especially with folks who have no experience or insight into that cesspool of a venue, or eCom in general, no matter how financially or technology product experienced.

Those attributes, while certainly appearing to be β€˜relevant’, fall woefully short without any insight into their specific applicability to the associated business model.

But that’s eBay for ya. Shuffling the deck chairs even as deck space dwindles as more and more dips beneath the waves every day.



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This user has validated their user name. by: CanBrit

Fri May 22 19:27:32 2020

At Disneyland, Pressler was known for cost-cutting measures such as reducing customer service training, having workers wash their own uniforms and closing rides and shows early. He attempted to discontinue a disabled discount but was forced to back off after backlash. With the cost cutting, Disneyland was profitable while attendance declined.[

Pressler accepted the chief executive position at the Gap Inc. in September 2002 after initially turning them down.[4] Gap was struggling with an over expansion of store locations. Pressler brought in several other Disney executives. In summer of 2004, he had Gap launch a new chain, Forth & Towne. He stepped down on January 22, 2007

LOSER LOSER LOSER...............LARGE LOSER.  Go Figure!



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