Robert Kragle Separating Himself From eBay

As a partner at Benchmark Capital, Robert Kagle invested roughly $6 million in eBay; since 1997, he’s also been on the company’s board of directors.  But Eric Auchard reports, "Kagle plans to stand down as a director of the company at its next annual shareholder meeting."

Worrywarts will note that the announcement comes just a few days before Meg Whitman’s official departure, yet the date of Kagle’s actual move signals that he’s not bailing out; the shareholder meeting won’t occur until June.

Also, if further reassurance is needed, Auchard notes, "The company said in a U.S. regulatory filing that Kagle was leaving solely for personal reasons and time considerations and did not involve any disagreement with the company, the company’s management or the board of directors."

eBay’s stock is more or less in line with the Nasdaq at the moment; they’re up 0.47 percent and 0.53 percent, respectively.