Meg Whitman might step down from CEO position at eBay

Meg Whitman might step down from CEO position at eBay

Wall Street Journal has reported that the CEO of online auction giant eBay Meg Whitman is planning to step down from the company.

She has been leading the company for the last 10 years. The report claimed that she has been working on assigning more tasks to deputies over the past few months.

WSJ added that she is most likely to be succeeded by John Donahue.

eBay is also the owner of popular web based services like Skype and PayPal. They are currently scheduled to release their report earnings for the fourth quarter today.

Market research Company RBC Capital Markets had this to say in a report on eBay: “We believe eBay will cut insertion fees, revamp the search algorithm, introduce category-specific pricing and offer volume discounts for sellers to respond to the challenge from Amazon.”