eBay will lay off 2,400 employees, which is 7% of its workforce, the company revealed on Wednesday. The company is splitting its Marketplaces and Payments units into two separate companies later this year. After an abysmal quarter in terms of Read more
eBay’s board of directors adopted a measure to entice top-tier executives to stay until the breakup with PayPal is complete. Bloomberg did the math and determined eBay CEO John Donahoe will receive a retention bonus worth about $23 million. That’s Read more
Executives who will take over as CEOs after eBay breaks up into two publicly-traded companies next year will be well compensated, according to filings with the SEC. eBay announced the breakup on Tuesday and said current eBay Inc. CEO John Read more
eBay announced early Tuesday morning it would split eBay and PayPal into two separate businesses that would both be publicly traded. In a Q&A session with Wall Street analysts, eBay CEO John Donahoe was asked whether eBay had or would Read more
Severe technical issues marred the anniversary of the founding of eBay, which Pierre Omidyar called AuctionWeb when he launched the site on September 3, 1995. eBay had to cancel its scheduled community chat with users “due to technical issues with accessing eBay Read more
A rumor surfaced on Thursday that eBay might be considering plans to spinoff PayPal as early as next year. The report comes months after eBay had quieted Carl Icahn, who had been pressuring the eBay board to spin off the payments service. Read more
Early this year, Carl Icahn came out swinging against eBay CEO John Donahoe and its Board, but backtracked on Thursday after the parties came to a settlement and agreed to disagree. Donahoe has passion for the company, Icahn told CNBC, something Read more
eBay’s battle to fend off Carl Icahn is benefitting other tech firms, from Twitter to Google. Aside from the fodder the proxy battleprovides tech reporters (CNBC has been on a roll with its coverage), there are now “dualing hashtags” on Twitter, Read more
eBay CEO John Donahoe along with members of the eBay Board will face shareholders on May 13th. eBay is holding its annual shareholder meeting a little later this year, perhaps because it finds itself being targeted by investor shareholder Carl Read more
Carl Icahn has been pressuring eBay to spin off PayPal into a separate company since January, and for the first time eBay faces a contested proxy (the issues on which shareholders vote, such as board nominations). eBay said its board has considered Read more
