Online marketplace eBay's chief executive John Donahoe took home total pay of $10.1 million in 2009, a 55 per cent drop compared to the compensation received in the previous year.
John Donahoe, head of Ebay's marketplace division, is preparing an overhaul for early next year that amounts to a major revamp of Ebay's core business.
In a top-order rejig at eBay Inc, Meg Whitman has resigned as its CEO, and would be replaced by John Donahoe while the world's largest Internet auction firm has brought in India-origin former finance head Rajiv Dutta to the board. In a late night announcement on Wednesday, eBay said that Whitman would step down as its president and CEO on March 31, currently head of its core auction business.
The board finally gives into the demands by activist investor Carl Icahn.
Nike launched a new running shoe that complies with limits set by World Athletics after the governing body imposed a landmark ban on a version of the sportswear giant's Vaporfly shoes that was used to run the first sub-two hour marathon. The first-ever shoe ban by World Athletics (WA) last week addressed concerns that technology advances are giving athletes an unfair and unnatural advantage, described by some critics as "technological doping".
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances