eBay CEO stepping down
If true, Whitman departs with a mixed record. She oversaw the company's IPO and ascension to the top e-commerce site, and in 2002 made the very wise acquisition of PayPal, which has been the growth engine for the company in recent years. But as I noted in my book, The PayPal Wars, she ushered in a very corporate mindset that has made it difficult for eBay to innovate as its dominance has been eroded by the advent of Google AdWords and a trend towards decentralized online shopping. And many of her other acquisitions have either failed to deliver their anticipated value (Skype, Half.com) or completely bombed (Billpoint, Butterfields).