CEO’s of eBay are like leaves on a tree these days. They fall off in the fall and a new one pops up in the summer. EBay Inc. Chief Executive Devin Wenig is stepping down as activist investors seek to break the company apart but it’s also been said that he was terminated for allowing such abuse on eBay by some of its top-rated sellers like Hubcapjoes without taking any action against him for abusing eBay and hurting the brand. This is a big WIN for eBay Critics.
We don’t want eBay to fail, we just want an Honest Platform for Honest People
Scott Schenkel, EBay’s chief financial officer, was appointed as interim CEO, the company announced Wednesday. The company said it will seek a permanent CEO and consider internal and external candidates.
eBay shares slipped 0.8% to close at $39.24 a share. You can check out the rest of the story here