LJNDawson.com, Consulting to the Book Publishing Industry
Book Publishing Industry Consultant

Meg Whitman To Retire?

The web is abuzz this morning with rumors that Meg Whitman, CEO of eBay, is planning to retire.

Breaking the news, the Wall Street Journal says:

The timing of Ms. Whitman's retirement is of her own choosing, say people familiar with the situation. Not long after she joined eBay, Ms. Whitman declared that no CEO should stay more than a decade in the same job because people need new challenges and organizations need fresh perspectives. While she has backed away from that comment in recent years, Ms. Whitman now appears to be making good on that early pledge as she approaches her 10-year anniversary as eBay CEO this March.

eBay is a significant retailer of used books, through its acquisition of Half.com. Mostly, though, it's sad to see a woman CEO of a Fortune 500 company (only 2% of Fortune 500 CEOs are women) leaving the arena...and being succeeded by a guy. Now less than 2% of Fortune 500 CEOs are women.
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