Early Supporter To Leave eBay's Board Of Directors

By Doug Caverly - Fri, 03/28/2008 - 10:41

Ejection seat still dusty

eBay's stock had a good run yesterday, and it's off to a decent start this morning, as well. There's no need for fans or investors to panic, then, even if one of the company's most important backers is stepping away.

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.

News Tags: Financial, Robert Kagle, eBay

About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

5 Comments

By dissatisfied ebay customer (WPN reader) - Tue, 07/08/2008 - 10:05

5% of ebay members are being railroaded into beta test

and they are pulling listings and closing their accounts. A forum related to MY EBAY BETA is over 1,500 postings long, over only a 2 week time frame, and these are all complaints raging against the involuntary reporgramming of their membership into a test that they were not informed of, not asked, and not given the option of opting out. It is dictatorship at best, and definitely a very poor way of treating paying customers!

It's no wonder everyone is dumping the stock and it's already almost to it's lowest this past year..just a dollar less and that'll be the beginning to a slow death.

The Beta test was thrown at membership in an incomplete format, and is unusable, slow, causes discomfort to those who are vision impaired, and has absolutely NO redeeming features whatsever. The programming team on this one needs to be replaced.

By Blase (WPN reader) - Sun, 06/08/2008 - 18:24

ebay feedback...

I'm looking for a place to let the board members of ebay know how disenchanted with the new feedback rules. I have been creating income for ebay since 1998, spending $1500.00+ a month and very unhappy.

Does any of the board members care?

Blase - ebay name wood-n-stuff.com

By Ebay Seller (WPN reader) - Sun, 03/30/2008 - 23:40

eBay Managaement is Despicable

I despise ebay management. It is only because of the network effect that they survive, and even with their greedy incompetence they seem unable to kill it.

What really pisses me off though is how easy it is to have your Skype account hacked, sucking the funds out of your paypal account. And of course, they refuse to return the money, even though your funds are used to purchase time on their network.

Ebay is incompetent, and Paypal and Skype are criminal organizations. Great strategy for long term success.

By Toto (WPN reader) - Sun, 03/30/2008 - 12:56

Deathbed

Ebay is breathing its last breath. They are not that appealing anymore. They are very vulnerable at this moment. Even this Robert Kragle could knock them down if he wants to. People just want to leave ebay for good.

By www.sellmyinventory.com (WPN reader) - Sun, 03/30/2008 - 11:25

Ebay's demise?

If ebay will get back to the basics that made it what it is today (ie: the small sellers) it will again be attractive to the masses. They also need to upgrade their customer srvice department to make it easier to resolve issues. The new guidelines they set forth pertaining to feedback by sellers also needs to be revamped as it is hurting their sales each day.

JMHO