Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Thu Sept 10 2020 21:16:12

Pierre Omidyar Retires from the eBay Board

By: Ina Steiner

Sponsored Link

eBay founder Pierre Omidyar is retiring from the Board of Directors, retaining the title of Director Emeritus. The move comes after a tough 21 months during which eBay was targeted by activist investors and rocked by scandal.

Jesse Cohn of Elliott Management, which was one of the firms that targeted eBay in January 2019, has also stepped down from the Board of Directors.

Just 3 months ago, two longtime members left the Board, Chairman Tom Tierney, who joined in 2003, and Fred Anderson. And 12 months ago, former eBay CEO Devin Wenig left the Board as a result of his abrupt departure from the company.

eBay named two new members to the board, it announced Thursday:

- Carol Hayles, former Executive Vice President and Chief Financial Officer of CIT Group;

- Mohak Shroff, Senior Vice President of Engineering at LinkedIn.

Current Chairman of the Board Paul Pressler was quoted, "We are delighted to add Carol and Mohak to our board. Their appointments will add significant experience and expertise at a critical time to support the technology-led reimagination of eBay.” 

The latest Board maneuvering comes the same day that Steve Wymer, who was terminated by eBay in September of 2019, landed a job as CEO of the Silicon Valley Boys & Girls Club.

Pierre Omidyar's retirement from the eBay Board comes exactly 25 years to the month after he founded the company in 1995. "For 25 years, I've watched with pride as the company I created enabled economic opportunity for people around the world," he was quoted in today's press release. "With sound strategy and leadership in place, I can transition to the role of Director Emeritus with confidence."



Comments (33) | Leave Comment | Permalink

Readers Comments

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: iheartjacksparrow

Thu Sep 10 23:22:58 2020

"With sound strategy and leadership in place...." I think Pierre has been spending too much time at Walkers West.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: P.Dorf This user has validated their user name.

Fri Sep 11 00:14:42 2020

Plus ça change, plus c'est la même chose...

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: pace306 This user has validated their user name.

Fri Sep 11 08:10:51 2020

..... pierre can continue to be asleep at the helm, albeit from a farther distance.

Mr broken laser pointers only success was to engorge himself at the expense of other sellers.

He returned zero values, and openly encouraged eBay to be the worst it could be, by taking advantage at every possible point.

eBay continues to hire people with no e-commerce experience and it shows.

eBay should be in the business of making money from sales, not from cc processing - something else Mr broken laser pointer obviously missed.

Bottom line - the god father of eBay is taking a step back from the day to day business of running “our little thing here” (see the Sopranos) and going to play more golf - how uninspiring.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: b86fiero This user has validated their user name.

Fri Sep 11 11:17:40 2020

The legend has left the building.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: toolguy

Fri Sep 11 11:32:31 2020

Mr. Omidyar

Thank you for giving me the chance to be self employed.

It was a rough ride for 20+ years but I wouldn't change a thing!

You did well, yes you did. . . . .

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: pace306 This user has validated their user name.

Fri Sep 11 13:30:17 2020

Tool

you could also have been self employed with Amazon, Craigslist or your local classifieds.

There was/is also WIZ and dozens of other easy to use website creating platforms that also could have let you been "self employed" should you have chosen to do so.

eBay didnt "invent" selling online - what they did do is centralize it.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: toolguy

Fri Sep 11 14:25:11 2020

@pace306

year 2000

Amazon ~ No used items

Craigslist ~ Unknown

Local Classified ~ Too expensive

Yahoo Auctions ~ They worked but not like eBay

Swap Meet ~ It worked for a one day cash infusion

eBay ~ Paid the Bills

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: RL15 This user has validated their user name.

Fri Sep 11 14:43:52 2020

no great loss, glad he is gone. he did nothing to keep fleecebay from becoming a cesspool filled with scammers, liars and no ethics.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: pace306 This user has validated their user name.

Fri Sep 11 15:55:42 2020

@tool

year 2000

Amazon ~ No used items - then sell NEW things (no ones forced you to sell used items)

Craigslist ~ Unknown (whos fault is that?)

Local Classified ~ Too expensive (up your prices to cover the cost - just like you would have had to do when eBay decided to charge FVF on shipping costs)

Yahoo Auctions ~ They worked but not like eBay (but they did work)

Swap Meet ~ It worked for a one day cash infusion (you could have done flea markets and other local shows). You could have even (gasp) opened a store/stall somewhere

eBay ~ Paid the Bills - glad it worked out BUT it wasnt the "only game in town".

Certainly - the eBay of 2000 isnt the eBay of 2020 - not by a long shot. ALL of us here (and everywhere else) could live nicely if the eBay of today was eBay 2000.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: postbuster This user has validated their user name.

Fri Sep 11 17:28:09 2020

*Yawn*

Did I just miss anything of any significance?
Oh, still the same old D-bay.
Pierre just retired from... doing nothing?

*snooze button*

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: RKTOYS

Fri Sep 11 18:49:27 2020

@pace306

Did you ever list in local classifieds?  Very expensive compared to even modern eBay.  Back when I couldn't find a job out of college, I was desperate enough to put an ad in the  merchandiser (kind if like a business advertising "newspaper").  At well over $100 per week for 25 words, I couldn't run it for long and the actual newspaper cost even more.

Agree on Yahoo Auctions though.  They were definitely competitive with contemporary eBay.  Yahoo never should've shut them down.  But Yahoo made alot of really dumb moves over the years.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: Rosebud52 This user has validated their user name.

Fri Sep 11 19:06:44 2020

Oh boy, toolguy and pace306 are back at it. Toolguy relates, how well eBay has  made it possible for him to become self-employed. Pace306 relates, how there were lots of other sites and options for sellers to become self-employed. Toolguy's response, eBay has worked well for him over the years with all of the other selling options just okay or unknown. Pace306 wishes eBay could be the same as it was 20 years ago so all sellers could live nicely. I wondered when reading pace306's response was what happened to all of those other ways of selling so pace306 could live "nicely." I like toolguy would like to thank eBay for the last 20 years of personal success and a nicely selling experience.  

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

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

Fri Sep 11 23:02:40 2020

HATS & HORNS ! ! ! !
Hey PIERRE ! ! !
Now that your head is no longer a Pretzel, please make another Great Selling Site for US ONLY.
Now that you know how the criminal corporate junk works, you won't make that mistake ever again.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: I Must be Crazy This user has validated their user name.

Sat Sep 12 15:17:12 2020

I thought he left a long time ago.

Made me think:  Could one even imagine Jeff Bezos leaving Amazon? No. It is his baby and it shows in how the company performs.

Pierre is a computer guy, not a manager. I guess that is part of the reason why it seems like he wasn't even around even though he was. I also think that is why eBay was prime for exploitation by the likes of Bain Capital, et al.

THAT is the problem with eBay. Nobody is PASSIONATE about it. Executives come in and bilk it for millions; sellers tolerate the site; and buyers (as evidenced by the recent Covid lock down period) don't really go there unless they have absolutely nothing else to do.

I think Pierre "retiring" from the board, coupled with the fact he has been selling off his holdings in eBay for years, speaks volumes to the fact that even the founder doesn't give a hoot about eBay.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: pace306 This user has validated their user name.

Sat Sep 12 20:33:51 2020

@Rosebud52

While I appreciate your comments on my back n forth with Tool - it seemed that you missed both of our points.

Of course you could have asked him why he took the column off topic - but you didnt.

The column was about Pierre leaving - not if eBay was a good place to sell things.

Tool commented that eBay was "the place" to sell things on - all I did was explain that there were MANY other options to choose from. Tool took exception and went on to explain why NONE of those other places were any good - I disagreed.

You wondered about what *I* did - and since you asked - I'll tell you - it was MOSTLY Amazon - a place Tool cant sell on - because they dont sell used airplane parts. Not that they arent any good or arent of any value - its just he chose to sell items that could not be sold on the worlds LARGEST ecommerce platform.

Being I was direct with Marshall, G-Shock, Tivoli and many others - I could sell on BOTH platforms.

Tool said "You did well, yes you did. . . . . " until they put him in MP - then its another ball game altogether isnt it (go back and look at his comments on it).

Tool generally (%99 of the time) finds eBay to be a positive selling platform - mostly because he has NEVER had to deal with the things I and others like me have had to deal with - WE have seen eBays dirty side - and if you dont think eBay has a nasty dirty side - ask the Steiners.

I know of (at least) 6 sellers that eBay "went to work on" over the years. Most gave up and left - some still sell but gave up selling what they used to sell - just to get away from eBays criminial BS and harassment.

If eBay "works for you" then great, if it doesnt - then like now there are other choices and places to sell.

BUT - that doesnt give eBay or Pierre a pass at the bad behaviors, the harassment or anything else.

For a guy that started a selling platform with a broken laser pointer "and got away with it" - if he tried that TODAY - he would have gotten a SNAD and/or worse.

Pierre did NOTHING to help sellers, and "I dare you to tell me otherwise" - especially looking at 2020's eBay.

To each their own - but for alot of us - good riddance to bad rubbish - get new people to run eBay that have actual ecommerce experience.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: toolguy

Sun Sep 13 04:18:29 2020

"Pierre did NOTHING to help sellers,"

That's like saying Henry Ford did nothing for the auto industry!

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: lancecorp This user has validated their user name.

Sun Sep 13 04:49:58 2020

Can't rep you pace but great post! Tool has had a wonderful selling experience on Ebay and good for him for finding his niche and his availability to the merchandise he sold but that doesn't negate the experiences the rest of us have had with the platform for over 20 yrs. TG other platforms have sprung up to balance out the loss of sales we've seen on Ebay due to their changes.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: Snapped This user has validated their user name.

Sun Sep 13 11:55:20 2020

The eBay that Mr. Omidyar ‘founded’ actually disappeared the day the boardroom he’s emeritiusizing polished it’s first table name plate. The day he sold the values he proclaimed as eBay’s constitution, and that eBay was still nurturing, to the street. And to be sure, and to Pierre’s due credit and appreciation until then, was transformationally deserved.

Everyone has a price of principle though. That’s why some sellers for example still partake of a day on the Bay, and praise it’s unsettled waters cuz, hey, they can still endure the float for that price.

Doesn’t change the price or it’s manifest though. That’s always been the point.

Meanwhile, what exactly is is Mr. Omidyar transitioning’ (to retirement?) from? What occupied the eBay side of his self behooved Titular throne time through the balance of his quasi-Centurial eBay relationship after he went new tie shopping - and not on eBay I betcha.?

Because he is either fully complicit in the thievery and malfeasance and sheer incompetence that eBay has demonstrated during their sterilization and standardization from that day until this, in which case, shame be upon him.

Or he’s been totally oblivious, or uncaring, certainly has never even acknowledged the ‘trashing’ of his foundation - or more significantly, the ‘good people’ it unceremoniously and disrespectfully flushed by underhanded means in the process. Thus, he was he was effectively already retired since selling out. In which case one can wonder if anybody will notice he’s left the building.

It’s just another fall seller change in the end.

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

This user has validated their user name. by: toolguy

Sun Sep 13 12:21:37 2020

@Snapped

MOST buyers and sellers on eBay have a positive attitude towards eBay!

Or they wouldn't be there. . . . .After 20 years of being a full time seller on eBay I can honestly say 99%+ of the experiences I have had are positive

I myself am grateful for what eBay offered me over the years, it wasn't perfect but it paid the bills!

Perminate Link for Pierre Omidyar Retires from the eBay Board   Pierre Omidyar Retires from the eBay Board

by: Snapped This user has validated their user name.

Sun Sep 13 14:04:47 2020

Whatever floats YOUR boat Tool. Doesn’t change the ferryman’s fee. That changes more often than a North Atlantic barometer as it is.

And with the vestige of eBay’s pre-metamorphosis conscience now to be enshrined to unvisited halls, better batten down the hatches, stormy on the horizon.

Oh, that’s right. You await anxiously your chance to permanently port call as well. And so may sever ties soon, when the price du jour becomes unfeasible, and you’re no longer circumstantially indentured. Maybe they’ll sprinkle some emeritus dust on you too.

Click to view more comments
1 2  [Next Page]


Login is required to post comments.
To sign in to leave a comment, fill in the form below. If you have not yet signed up for AB Verify, or if you'd like more information, go to the Registration Page
.

Login for AB Verify
Be sure and use your email address and password to log in.

 
Email:
Password:
 
 Forgot Your Password?
 Even though you are signed in with the AuctionBytes Blog, you will have to sign in to the EcommerceBytes blog. But you can sign in with your existing AB Verify info.