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Post by unknown on Jul 16, 2015 13:36:22 GMT
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Shirley U Geste
Chaos Manager
Cats, cats, cats and more cats!!
Posts: 10,385
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Post by Shirley U Geste on Jul 16, 2015 13:59:58 GMT
It was tanking so they were smart to unload it now.
Not a good move to get into it in the first place, but ebay seems determined to be everything to everyone and that just doesn't work.
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Post by unknown on Jul 16, 2015 17:16:58 GMT
Included in the sale was that 'magneto' company so another $250 million down the drain.
Learn by ebay's example - buy high and sell low.
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Post by chapeaunoir on Jul 16, 2015 17:27:30 GMT
Magneto turned out to be not all that, either. It still boggles my mind that a failed CEO like Doho got the top job at Paypal.
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Post by RetroMonde on Jul 16, 2015 21:03:19 GMT
Isn't that a classic example of the "Peter Principle" or something like that in action?
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val2525
Chaos Manager
Posts: 30,823 
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Post by val2525 on Jul 17, 2015 2:21:03 GMT
Maybe it was cheaper to move him to PayPal than pay off his contract/golden parachute.
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Post by unknown on Jul 17, 2015 4:43:17 GMT
But they gave him $23 million to stay until the split was complete.
It still boggles my mind - anything to do with donahue. I really cannot see anything positive about him or his work the last 8 years and how the BoD and shareholders just kept 'rewarding' him - what's beyond boggles your mind?
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Post by chapeaunoir on Jul 17, 2015 5:09:59 GMT
Unfortunately, a lot of these provisions are written into the contract upon hire. And the whole thing is an old boy/old girl (now) network. These rent-a-CEOs get passed around from company to company and that's what really boggles my mind.
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